tag:blogger.com,1999:blog-56146228201490228152024-03-05T19:24:35.225-06:00Hagen Financial Network, Inc.651-209-6350Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.comBlogger296125tag:blogger.com,1999:blog-5614622820149022815.post-44467538335016349102020-02-18T11:38:00.001-06:002020-02-18T11:38:04.928-06:00Stocks move higher and investors are confident<br />
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #4f81bd; font-size: 26.0pt; mso-no-proof: yes; mso-themecolor: accent1;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock></v:path></v:stroke></v:shapetype><v:shape id="Picture_x0020_2" o:spid="_x0000_i1026" style="height: 231pt; mso-wrap-style: square; visibility: visible; width: 380.25pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/Office/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span></b><b><span style="color: #4f81bd; font-size: 26.0pt; mso-themecolor: accent1;"><o:p></o:p></span></b></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQUVKtaHqeejDYdZsZEKq6i7CCETn2e_KBcg_XOLoKuMD3W2DJwnRqO0yGfSGPjvSqzUzumNVsm4lTbPKXsCPtbWqMamsWvyYNAUSNdv3n3BabgUZKE1rOVKWozMZNkZZHXou9a8ws6B04/s1600/kobby-mendez-xBFTjrMIC0c-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="970" data-original-width="1600" height="241" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQUVKtaHqeejDYdZsZEKq6i7CCETn2e_KBcg_XOLoKuMD3W2DJwnRqO0yGfSGPjvSqzUzumNVsm4lTbPKXsCPtbWqMamsWvyYNAUSNdv3n3BabgUZKE1rOVKWozMZNkZZHXou9a8ws6B04/s400/kobby-mendez-xBFTjrMIC0c-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt; mso-themecolor: accent1;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">February 18, 2020<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Many stock markets around the
world moved higher last week.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Investors’ optimism in the face
of economic headwinds has confounded some in the financial services industry. Laurence
Fletcher and Jennifer Ablan of <i>Financial Times</i> cited several money
managers who believe investors have become complacent. One theory is investors’
buy-the-dip mentality has become so firmly ingrained that any price drop is
seen as a buying opportunity, regardless of share price valuation.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Another theory is investors
remain confident in the face of declining economic growth expectations because
they expect central bankers to save the day:<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 34.2pt; margin-top: 0in;">
“Key stock markets are hovering
close to record highs even while the death count from the China-centered virus
rises and travel in, out, and around the country remains heavily restricted,
hurting the outlook for domestic and international companies. Regardless,
stumbles in stocks are quickly reversed. To some traders, this is proof that
investors believe major central banks will pump more stimulus into the
financial system.”<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Ben Levisohn of <i>Barron’s</i> doesn’t
think investors in U.S. stocks are complacent. He wrote:<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 38.7pt; margin-top: 0in;">
“Yes, [investors have] decided to
stay invested in U.S. stocks, but compare it with the other options. Emerging
market stocks near the epicenter of the outbreak? Treasury notes with yields of
just 1.59 percent? Cash? But, they haven’t sat idly by, either. They’ve dumped
the stocks most exposed to coronavirus and to a slowing economy – things like
energy, cruise lines, airlines, steel.”<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Treasury bond markets are
telling a less optimistic story than stock markets. The U.S. treasury bond
yield curve has flattened in recent weeks. On Friday, 3-month treasuries were
yielding 1.58 percent while 10-year treasuries yielded 1.59 percent. When there
is little difference between yields for short- and long-term maturities, the
yield curve is considered to be flat.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Historically, the slope of the
yield curve – a line that shows yields for Treasuries of different maturities –
is believed to provide insight to what may be ahead for economic growth. Normal
yield curves may indicate expansion ahead, while inverted yield curves suggest
recession may be looming. Flat yield curves suggest a transition is underway.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "Times New Roman",serif; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-themecolor: text1;"><br clear="all" style="page-break-before: always;" />
</span>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; font-size: 10.0pt; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of 2/14/20<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; font-size: 10.0pt; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; font-size: 10.0pt; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; font-size: 10.0pt; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" width="58">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; font-size: 10.0pt; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.0pt;" width="60">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; font-size: 10.0pt; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 47.5pt;" width="63">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; font-size: 10.0pt; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">Standard & Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">1.6%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">4.6%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">23.1%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" width="58">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">13.1%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.0pt;" width="60">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">10.0%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 47.5pt;" width="63">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">11.9%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">0.4<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">-0.4<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">10.10<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" width="58">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">5.4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.0pt;" width="60">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">2.5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 47.5pt;" width="63">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">3.4<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">1.6<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">2.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" width="58">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">2.5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.0pt;" width="60">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">2.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 47.5pt;" width="63">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">3.7<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">0.6<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">3.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">20.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" width="58">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">8.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.0pt;" width="60">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">5.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 47.5pt;" width="63">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">3.7<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">Bloomberg Commodity Index<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">0.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">-6.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">-5.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" width="58">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">-5.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.0pt;" width="60">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">-6.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 47.5pt;" width="63">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt;">-5.6<o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="color: white; font-size: 8.0pt; mso-color-alt: windowtext;">S&P 500, </span><span style="font-size: 8.0pt;">Dow Jones Global ex-US, Gold, Bloomberg Commodity Index
returns exclude reinvested dividends (gold does not pay a dividend) and the
three-, five-, and 10-year returns are annualized; and the 10-year Treasury
Note is simply the yield at the close of the day on each of the historical time
periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt;">Sources:
Yahoo! Finance, MarketWatch, djindexes.com, London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt;">Past
performance is no guarantee of future results. Indices are unmanaged and cannot
be invested into directly. N/A means not applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; text-transform: uppercase;">what’s your favorite
remedy for a Hangover?</span></b><span style="color: #00b050;"> </span><span style="color: black; mso-themecolor: text1;">Consuming too much alcohol comes with
an unwelcome side effect: the hangover. </span><span style="color: black;">Symptoms
of a hangover typically include dehydration, fatigue, vertigo, headache,
nausea, and muscle aches.</span> <span style="color: black; mso-themecolor: text1;">If
you’ve ever had one you may understand the growing market for hangover treatments.</span><o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; mso-themecolor: text1;">By one estimate, Americans experience 2.6 billion
hangovers each year. That may be why market research analysts think hangover
remedies have the potential to become a billion-dollar industry. <i>The
Washington Post</i> reported the number of recovery (and ‘precovery’) treatments
has ballooned during the past three years. So far, the hangover remedy industry
has:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Offered treatments that include water-soluble tablets,
capsules, beverages, and patches.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Attracted $10 million of Silicon Valley venture capital.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Birthed start-ups that generate strong sales during the
first few months of operations.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; mso-themecolor: text1;">The hangover market is small potatoes when compared to
the market for alcoholic beverages ($1.4 trillion). However, the market for
non-alcoholic cocktails is growing, too. In New York City, booze-free bars charge
$13 a pop for dry cocktails.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; mso-themecolor: text1;">Here’s a question: Are alcohol-free drinks a precovery hangover
solution or a beverage? <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818;">“A hangover is the wrath of
grapes.” <o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i><span style="background: white; color: #181818;">--Dorothy Parker, American poet<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
Best regards,<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "Edwardian Script ITC"; font-size: 26.0pt; mso-themecolor: accent1;">Leif
M. Hagen<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Leif M. Hagen, CLU ChFC<br />
LPL Financial Advisor<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Securities offered through LPL Financial,
Member FINRA/SIPC.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi64hQThNEnMwP1_aTjuljHGulHXVfBnnCoBc8xY8pnGX_1XRyuosiSnna97nPFFhi9BQXvvczNIjkMwutVshI-zmo-KyQBG0Et4GGzuLjwQV-boVxq_VXe6A-tTfPG9xy1MxcyUur6Ujwm/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi64hQThNEnMwP1_aTjuljHGulHXVfBnnCoBc8xY8pnGX_1XRyuosiSnna97nPFFhi9BQXvvczNIjkMwutVshI-zmo-KyQBG0Et4GGzuLjwQV-boVxq_VXe6A-tTfPG9xy1MxcyUur6Ujwm/s320/OfficeTeamPhoto.jpg" width="320" /></a></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-no-proof: yes;"><v:shape alt="A person wearing a suit and tie
Description automatically generated" id="Picture_x0020_1" o:spid="_x0000_i1025" style="height: 136.5pt; mso-wrap-style: square; visibility: visible; width: 182.25pt;" type="#_x0000_t75">
<v:imagedata o:title="A person wearing a suit and tie
Description automatically generated" src="file:///C:/Users/Office/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg">
</v:imagedata></v:shape></span><o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week,” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network,
Inc.; 4640 Nicols Road – Suite 203; Eagan, MN, 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://markets.ft.com/data/world"><span style="font-size: 11.0pt;">https://markets.ft.com/data/world</span></a><span style="font-size: 11.0pt;"> (Click on ‘Global indices’ at the bottom left of the
map and choose ‘5 day’) (<i style="mso-bidi-font-style: normal;">or go to</i> </span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-18-20_FinancialTimes-Global_World_Markets_Indices-Footnote_1.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-18-20_FinancialTimes-Global_World_Markets_Indices-Footnote_1.pdf</span></a><span style="font-size: 11.0pt;">)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.ft.com/content/8732e814-4e82-11ea-95a0-43d18ec715f5"><span style="font-size: 11.0pt;">https://www.ft.com/content/8732e814-4e82-11ea-95a0-43d18ec715f5</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> (<i style="mso-bidi-font-style: normal;">or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-18-20_FinancialTimes-Investor_Complacency_Sets_in_While_Coronavirus_Spreads-Footnote_2.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-18-20_FinancialTimes-Investor_Complacency_Sets_in_While_Coronavirus_Spreads-Footnote_2.pdf</span></a><span style="font-size: 11.0pt;">)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.barrons.com/articles/dow-jones-industrial-average-gained-1-this-week-as-stocks-ignore-the-coronavirus-51581726118?mod=hp_DAY_1"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/dow-jones-industrial-average-gained-1-this-week-as-stocks-ignore-the-coronavirus-51581726118?mod=hp_DAY_1</span></a><span style="font-size: 11.0pt;"> (<i style="mso-bidi-font-style: normal;">or go to</i> </span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-18-20_Barrons-The_Dow_Jones_Industrial_Average_Gained_1_Percent_this_Week-Let_It_Ride-Footnote_3.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-18-20_Barrons-The_Dow_Jones_Industrial_Average_Gained_1_Percent_this_Week-Let_It_Ride-Footnote_3.pdf</span></a><span style="font-size: 11.0pt;">)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/textview.aspx?data=yield"><span style="font-size: 11.0pt;">https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/textview.aspx?data=yield</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.investopedia.com/terms/y/yieldcurve.asp"><span style="font-size: 11.0pt;">https://www.investopedia.com/terms/y/yieldcurve.asp</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.health.harvard.edu/staying-healthy/7-steps-to-cure-your-hangover-and-ginkgo-biloba-whats-the-verdict"><span style="font-size: 11.0pt;">https://www.health.harvard.edu/staying-healthy/7-steps-to-cure-your-hangover-and-ginkgo-biloba-whats-the-verdict</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.washingtonpost.com/business/2019/12/19/drinking-with-no-consequences-this-was-year-hangover-hack/"><span style="font-size: 11.0pt;">https://www.washingtonpost.com/business/2019/12/19/drinking-with-no-consequences-this-was-year-hangover-hack/</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.businessinsider.com/bars-no-alcohol-sober-dry-january-nyc-2020-1"><span style="font-size: 11.0pt;">https://www.businessinsider.com/bars-no-alcohol-sober-dry-january-nyc-2020-1</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.goodreads.com/quotes/370656-a-hangover-is-the-wrath-of-grapes"><span style="font-size: 11.0pt;">https://www.goodreads.com/quotes/370656-a-hangover-is-the-wrath-of-grapes</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="background: whitesmoke; color: #111111; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";">Photo by </span><a href="https://unsplash.com/@kobbymendez?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; widows: 2; word-spacing: 0px;"><span style="background: whitesmoke; color: #767676; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";">Kobby
Mendez</span></a><span style="background: whitesmoke; color: #111111; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";"><span style="-webkit-text-stroke-width: 0px; float: none; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; widows: 2; word-spacing: 0px;"> on </span></span><a href="https://unsplash.com/s/photos/cocktail?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; widows: 2; word-spacing: 0px;"><span style="background: whitesmoke; color: #767676; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";">Unsplash</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd #203, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395tag:blogger.com,1999:blog-5614622820149022815.post-36160861836689938522020-02-13T09:00:00.000-06:002020-02-13T09:00:00.328-06:00The Economics of Love<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #4472c4; font-size: 26.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-no-proof: yes; mso-themecolor: accent1;"><!--[if gte vml 1]><v:shapetype
id="_x0000_t75" coordsize="21600,21600" o:spt="75" o:preferrelative="t"
path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f">
<v:stroke joinstyle="miter"/>
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0"/>
<v:f eqn="sum @0 1 0"/>
<v:f eqn="sum 0 0 @1"/>
<v:f eqn="prod @2 1 2"/>
<v:f eqn="prod @3 21600 pixelWidth"/>
<v:f eqn="prod @3 21600 pixelHeight"/>
<v:f eqn="sum @0 0 1"/>
<v:f eqn="prod @6 1 2"/>
<v:f eqn="prod @7 21600 pixelWidth"/>
<v:f eqn="sum @8 21600 0"/>
<v:f eqn="prod @7 21600 pixelHeight"/>
<v:f eqn="sum @10 21600 0"/>
</v:formulas>
<v:path o:extrusionok="f" gradientshapeok="t" o:connecttype="rect"/>
<o:lock v:ext="edit" aspectratio="t"/>
</v:shapetype><v:shape id="Picture_x0020_2" o:spid="_x0000_i1026" type="#_x0000_t75"
alt="A picture containing cake, birthday, indoor, decorated Description automatically generated"
style='width:341.25pt;height:234pt;visibility:visible;mso-wrap-style:square'>
<v:imagedata src="file:///C:/Users/Office/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg"
o:title="A picture containing cake, birthday, indoor, decorated Description automatically generated"/>
</v:shape><![endif]--><!--[if !vml]--><!--[endif]--></span></b><b style="mso-bidi-font-weight: normal;"><span style="color: #4472c4; font-size: 26.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-themecolor: accent1;"><o:p></o:p></span></b></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGdm7fY3dh13Vz3r9ec9yvYqSI2cx5X5Vc1eoCwSIqPligKj8HVbU5jMkbNR6KyZupsfd26coC72xPIMAuwHP1Mf3b0F_TGQToxhPnjAf7OnuV8l_rskaOhMMzfazZ8_JlJFxLetwTxV0m/s1600/laura-ockel-zAOBpEE_vV4-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1096" data-original-width="1600" height="273" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGdm7fY3dh13Vz3r9ec9yvYqSI2cx5X5Vc1eoCwSIqPligKj8HVbU5jMkbNR6KyZupsfd26coC72xPIMAuwHP1Mf3b0F_TGQToxhPnjAf7OnuV8l_rskaOhMMzfazZ8_JlJFxLetwTxV0m/s400/laura-ockel-zAOBpEE_vV4-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #4472c4; font-size: 26.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-themecolor: accent1;">Peek of the Week</span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 16.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Valentine’s Day Commentary<br />
February 13, 2020<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The
Economics of Love<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Romantics welcome Valentine’s Day and having the opportunity to
lavish loved ones with attention. Economists appreciate Valentine’s Day, too.
Sure, the $13 billion spent on Valentine’s Day is just a drop in the $17
trillion bucket of goods and services produced in the United States, but love
is powerful and has value beyond the candy, flowers, cards, jewelry, meals,
clothing, and other gifts purchased for the occasion.<sup>1</sup> In <i style="mso-bidi-font-style: normal;">Bloomberg View</i>, one economist offered
this insight,<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in; tab-stops: .5in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">“…We
think there is a deeper and more consequential purpose to the study of love.
Think about what love means to you. To us, it means caring about others and
being cared for. Love is valuable, even if it is absent from both our national
accounts and our political discourse. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in; tab-stops: .5in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in; tab-stops: .5in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">In
the language of economics, love is a form of insurance. It involves bonds of
reciprocity that provide support when we’re feeling down, when we’re sick, and
when times are tough.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in; tab-stops: .5in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in; tab-stops: .5in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">…Mutually
beneficial relationships make us all more resilient in times of crisis. This is
why the household remains one of the most powerful institutions for organizing
not just families but also our economic lives.”<sup>2</sup><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">We hope this Valentine’s Day will find you well loved in the
company of family and friends. If you find yourself wanting to lavish them with
financial gifts, give us a call. We’re always happy to help!<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt; line-height: 115%;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4472c4; font-family: "Edwardian Script ITC"; font-size: 26.0pt; line-height: 115%; mso-themecolor: accent1;">Leif M. Hagen<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt; line-height: 115%;">Leif M. Hagen, CLU, ChFC<br />
LPL Financial Advisor<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt; line-height: 115%;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free
to forward this commentary to family, friends, or colleagues. If you would like
us to add them to the list, please reply to this email with their email address
and we will ask for their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt; line-height: 115%;">Securities offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6kFmS8s7l2PGp4uMLTag_2267e6qcj7WfMski4dwVs5uOnevJAawRTZAuN-_Ht9PPNRreRX5H0MuBYK7W2Vt7dkY0LlFk4BTr8WpWDnuCNV0iW-KvEHTLLPRmBXEuxD7mJt0ssD0K-I0E/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6kFmS8s7l2PGp4uMLTag_2267e6qcj7WfMski4dwVs5uOnevJAawRTZAuN-_Ht9PPNRreRX5H0MuBYK7W2Vt7dkY0LlFk4BTr8WpWDnuCNV0iW-KvEHTLLPRmBXEuxD7mJt0ssD0K-I0E/s320/OfficeTeamPhoto.jpg" width="320" /></a></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 12.0pt; line-height: 115%; mso-no-proof: yes;"><!--[if gte vml 1]><v:shape
id="Picture_x0020_1" o:spid="_x0000_i1025" type="#_x0000_t75" alt="A person wearing a suit and tie Description automatically generated"
style='width:228.75pt;height:171.75pt;visibility:visible;mso-wrap-style:square'>
<v:imagedata src="file:///C:/Users/Office/AppData/Local/Temp/msohtmlclip1/01/clip_image003.jpg"
o:title="A person wearing a suit and tie Description automatically generated"/>
</v:shape><![endif]--><!--[if !vml]--><!--[endif]--></span><span style="font-size: 12.0pt; line-height: 115%;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;">1</span></sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;"> </span><a href="http://www.statisticbrain.com/valentines-day-statistics/"><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;">http://www.statisticbrain.com/valentines-day-statistics/</span></a><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;">2</span></sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;"> </span><a href="http://www.bloombergview.com/articles/2013-02-13/valentine-s-day-and-the-economics-of-love"><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;">http://www.bloombergview.com/articles/2013-02-13/valentine-s-day-and-the-economics-of-love</span></a><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Wingdings; font-size: 10.0pt; mso-bidi-font-family: Wingdings; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">v<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;">The above material was prepared by Carson
Coaching.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Wingdings; font-size: 10.0pt; mso-bidi-font-family: Wingdings; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">v<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="background: whitesmoke; color: #111111; font-family: "Helvetica",sans-serif; font-size: 10.5pt;">Photo by </span><a href="https://unsplash.com/@viazavier?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; widows: 2; word-spacing: 0px;"><span style="background: whitesmoke; color: #767676; font-family: "Helvetica",sans-serif; font-size: 10.5pt;">Laura Ockel</span></a><span style="background: whitesmoke; color: #111111; font-family: "Helvetica",sans-serif; font-size: 10.5pt;"><span style="-webkit-text-stroke-width: 0px; float: none; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; widows: 2; word-spacing: 0px;"> on </span></span><a href="https://unsplash.com/s/photos/love?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; widows: 2; word-spacing: 0px;"><span style="background: whitesmoke; color: #767676; font-family: "Helvetica",sans-serif; font-size: 10.5pt;">Unsplash</span></a><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd Suite 203, Eagan, MN 55122, USA44.788486 -93.2169971999999821.773145 -134.52559119999998 67.803827 -51.908403199999981tag:blogger.com,1999:blog-5614622820149022815.post-68383376482024315112020-02-10T11:42:00.002-06:002020-02-10T11:49:59.681-06:00Stay calm. Expect volatility.<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #0070c0; font-size: 26pt;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f"><v:stroke joinstyle="miter"><v:formulas><v:f eqn="if lineDrawn pixelLineWidth 0"><v:f eqn="sum @0 1 0"><v:f eqn="sum 0 0 @1"><v:f eqn="prod @2 1 2"><v:f eqn="prod @3 21600 pixelWidth"><v:f eqn="prod @3 21600 pixelHeight"><v:f eqn="sum @0 0 1"><v:f eqn="prod @6 1 2"><v:f eqn="prod @7 21600 pixelWidth"><v:f eqn="sum @8 21600 0"><v:f eqn="prod @7 21600 pixelHeight"><v:f eqn="sum @10 21600 0"></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas><v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f"><o:lock aspectratio="t" v:ext="edit"></o:lock></v:path></v:stroke></v:shapetype><v:shape alt="A hand holding a circuit board
Description automatically generated" id="Picture_x0020_1" o:spid="_x0000_i1026" style="height: 292.5pt; visibility: visible; width: 438.75pt;" type="#_x0000_t75"><v:imagedata o:title="A hand holding a circuit board
Description automatically generated" src="file:///C:/Users/Office/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg"></v:imagedata></v:shape></span></b><b><span style="color: #0070c0; font-size: 26pt;"><o:p></o:p></span></b></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjh_RFKgXte-aHDUM3kV-ASYAjxOp0WfX4_IzBzIoIwbT_gffWrAKp21P5Tiw1GaaHQxq1aNWTTPZjPdFeCi2nXzp76glR8TyyLKZsCNElp5m3ErLxkUwxFp8E3zyfsx_lCcvA7h3SiXP6k/s1600/austin-distel-EMPZ7yRZoGw-unsplash+%25281%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjh_RFKgXte-aHDUM3kV-ASYAjxOp0WfX4_IzBzIoIwbT_gffWrAKp21P5Tiw1GaaHQxq1aNWTTPZjPdFeCi2nXzp76glR8TyyLKZsCNElp5m3ErLxkUwxFp8E3zyfsx_lCcvA7h3SiXP6k/s400/austin-distel-EMPZ7yRZoGw-unsplash+%25281%2529.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #0070c0; font-size: 26pt;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16pt;">Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16pt;">February 10, 2020<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #00b050; font-size: 14pt;">The Markets<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Last week, major U.S. indices posted strong gains. That’s welcome news, but the drivers behind share price appreciation appear to have little to do with company fundamentals.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Fourth quarter earnings season is underway. During earnings season, companies let investors know how profitable they were during the previous quarter. With 45 percent of companies in the Standard & Poor’s 500 (S&P 500) Index reporting, earnings are slightly down. If the trend continues, this will be the fourth consecutive quarter of year-over-year earnings declines, according to <i>FactSet</i>.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Falling company profits, in tandem with rising share prices, have made U.S. stocks relatively expensive. The price-to-earnings ratio of the S&P 500 Index was 25.04 on Friday. That’s significantly higher than its long-term average of 15.78.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Expectations for economic growth may have been behind last week’s gains. <i>Axios</i> reported, “U.S. economic data had been strengthening ahead of the [coronavirus] outbreak – last month the all-important services sector notched its best reading since September, a private payrolls survey showed the highest job growth in five years, and consumer confidence held at historically high levels.”<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<i>The Economist Intelligence Unit (EIU)</i> estimates U.S. economic growth will be 1.7 percent in 2020, although the coronavirus could create issues that slow growth.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Economic growth also could be inhibited by the national debt. The <i>Federal Reserve Bank of St. Louis </i>showed U.S. debt at about 105 percent of gross domestic product (GDP) at the end of the third quarter of 2019 (GDP is the value of all goods and services produced by the United States). According to the <i>Council on Foreign Relations</i>, high levels of debt can slow economic growth and divert investment from infrastructure, education, and research.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Ben Levisohn of <i>Barron’s</i> suggested last week’s gains might have been the result of limited supply and high demand for U.S. stocks, “…because the world’s problems might actually make U.S. markets more attractive.” Stock market gains may also owe something to supportive central bank policies.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
During the next few weeks, stay calm and expect some volatility.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; width: 609px;"><tbody>
<tr style="height: 12.75pt;"><td nowrap="" style="border: 1pt solid windowtext; height: 12.75pt; padding: 0in 5.4pt; width: 178.9pt;" width="239"><span style="font-family: "times new roman" , serif; font-size: 10pt;"><br clear="all" style="break-before: page;" /></span>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="font-size: 10pt;">Data as of 2/7/20<o:p></o:p></span></b></div>
</td><td style="border-bottom: 1pt solid windowtext; border-image: initial; border-left: none; border-right: 1pt solid windowtext; border-top: 1pt solid windowtext; height: 12.75pt; padding: 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="font-size: 10pt;">1-Week<o:p></o:p></span></b></div>
</td><td nowrap="" style="border-bottom: 1pt solid windowtext; border-image: initial; border-left: none; border-right: 1pt solid windowtext; border-top: 1pt solid windowtext; height: 12.75pt; padding: 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="font-size: 10pt;">Y-T-D<o:p></o:p></span></b></div>
</td><td nowrap="" style="border-bottom: 1pt solid windowtext; border-image: initial; border-left: none; border-right: 1pt solid windowtext; border-top: 1pt solid windowtext; height: 12.75pt; padding: 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="font-size: 10pt;">1-Year<o:p></o:p></span></b></div>
</td><td style="border-bottom: 1pt solid windowtext; border-image: initial; border-left: none; border-right: 1pt solid windowtext; border-top: 1pt solid windowtext; height: 12.75pt; padding: 0in 5.4pt; width: 0.6in;" width="58"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="font-size: 10pt;">3-Year<o:p></o:p></span></b></div>
</td><td style="border-bottom: 1pt solid windowtext; border-image: initial; border-left: none; border-right: 1pt solid windowtext; border-top: 1pt solid windowtext; height: 12.75pt; padding: 0in 5.4pt; width: 45pt;" width="60"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="font-size: 10pt;">5-Year<o:p></o:p></span></b></div>
</td><td style="border-bottom: 1pt solid windowtext; border-image: initial; border-left: none; border-right: 1pt solid windowtext; border-top: 1pt solid windowtext; height: 12.75pt; padding: 0in 5.4pt; width: 47.5pt;" width="63"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="font-size: 10pt;">10-Year<o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 10.75pt;"><td nowrap="" style="border-bottom: 1pt solid windowtext; border-image: initial; border-left: 1pt solid windowtext; border-right: 1pt solid windowtext; border-top: none; height: 10.75pt; padding: 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 10pt;">Standard & Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 10.75pt; padding: 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">3.2%<o:p></o:p></span></div>
</td><td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 10.75pt; padding: 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">3.0%<o:p></o:p></span></div>
</td><td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 10.75pt; padding: 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">23.0%<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 10.75pt; padding: 0in 5.4pt; width: 0.6in;" width="58"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">13.2%<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 10.75pt; padding: 0in 5.4pt; width: 45pt;" width="60"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">10.2%<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 10.75pt; padding: 0in 5.4pt; width: 47.5pt;" width="63"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">12.2%<o:p></o:p></span></div>
</td></tr>
<tr style="height: 12.75pt;"><td nowrap="" style="border-bottom: 1pt solid windowtext; border-image: initial; border-left: 1pt solid windowtext; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 10pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">1.9<o:p></o:p></span></div>
</td><td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">-0.9<o:p></o:p></span></div>
</td><td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">9.8<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 0.6in;" width="58"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">5.6<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 45pt;" width="60"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">2.8<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 47.5pt;" width="63"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">3.5<o:p></o:p></span></div>
</td></tr>
<tr style="height: 12.75pt;"><td nowrap="" style="border-bottom: 1pt solid windowtext; border-image: initial; border-left: 1pt solid windowtext; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 10pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">1.6<o:p></o:p></span></div>
</td><td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">NA<o:p></o:p></span></div>
</td><td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">2.7<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 0.6in;" width="58"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">2.4<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 45pt;" width="60"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">2.0<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 47.5pt;" width="63"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">3.6<o:p></o:p></span></div>
</td></tr>
<tr style="height: 12.75pt;"><td nowrap="" style="border-bottom: 1pt solid windowtext; border-image: initial; border-left: 1pt solid windowtext; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 10pt;">Gold (per ounce)<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">-0.7<o:p></o:p></span></div>
</td><td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">3.3<o:p></o:p></span></div>
</td><td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">20.1<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 0.6in;" width="58"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">8.5<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 45pt;" width="60"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">4.9<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 47.5pt;" width="63"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">4.0<o:p></o:p></span></div>
</td></tr>
<tr style="height: 12.75pt;"><td nowrap="" style="border-bottom: 1pt solid windowtext; border-image: initial; border-left: 1pt solid windowtext; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 10pt;">Bloomberg Commodity Index<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">-0.1<o:p></o:p></span></div>
</td><td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">-7.6<o:p></o:p></span></div>
</td><td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">-6.6<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 0.6in;" width="58"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">-5.2<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 45pt;" width="60"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">-6.3<o:p></o:p></span></div>
</td><td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 12.75pt; padding: 0in 5.4pt; width: 47.5pt;" width="63"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 10pt;">-5.2<o:p></o:p></span></div>
</td></tr>
</tbody></table>
<div class="MsoNormal" style="margin: 0in 20.7pt 0.0001pt 4.5pt;">
<span style="color: white; font-size: 8pt;">S&P 500, </span><span style="font-size: 8pt;">Dow Jones Global ex-US, Gold, Bloomberg Commodity Index returns exclude reinvested dividends (gold does not pay a dividend) and the three-, five-, and 10-year returns are annualized; and the 10-year Treasury Note is simply the yield at the close of the day on each of the historical time periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 0in 20.7pt 0.0001pt 4.5pt;">
<span style="font-size: 8pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com, London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 0in 20.7pt 0.0001pt 4.5pt;">
<span style="font-size: 8pt;">Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly. N/A means not applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #00b050; text-transform: uppercase;">DO YOU KNOW A FINANCIAL TWO-TIMER?</span></b><span style="color: #00b050;"> </span>In an online poll conducted by <i>YouGov</i>, <i>CreditCards.com</i> asked people how open and honest they are with their spouses and partners about money. The survey discovered financial infidelity is not uncommon. Respondents cheat financially in a variety of ways, including:<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-indent: 0.5in;">
34 percent have spent more than their spouse/partner would approve<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-indent: 0.5in;">
12 percent have secret debt<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-indent: 0.5in;">
10 percent have secret credit card accounts<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-indent: 0.5in;">
9 percent have secret savings accounts<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-indent: 0.5in;">
8 percent have secret checking accounts<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Respondents had a variety of reasons for secretive financial dealings:<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-indent: 0.5in;">
36 percent said privacy and control were important<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-indent: 0.5in;">
27 percent said they never felt the need to share<o:p></o:p></div>
<div class="MsoNormal" style="margin: 0in -1.8pt 0.0001pt 0.75in; text-indent: -0.25in;">
26 percent were embarrassed by the way they handle money (frequently cited by wealthiest respondents.)<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-indent: 0.5in;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Janice Wood of <i>PsychCentral</i> wrote, “Financial infidelity can take as big a toll on relationships as sexual infidelity and emotional dishonesty…A few things that couples can do to prevent financial infidelity is to talk more, get on the same page regarding both joint and individual goals they might have, and also budget for some occasional indulgences along the way of achieving their long-term financial goals…”<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
If you’re looking for a great Valentine’s Day gift, talking with your spouse or partner about money is a choice that could deliver long-term rewards.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #00b050; font-size: 14pt;">Weekly Focus – Think About It</span></b><span style="color: #00b050; font-size: 14pt;"><b><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="background: white; color: #181818;">“It is better to be hated for what you are than to be loved for what you are not.”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; text-align: right;">
<i><span style="background: white; color: #181818;">--Andre Gide, Author and Nobel Prize winner<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Best regards,<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "edwardian script itc"; font-size: 26pt;">Leif M. Hagen</span></b><span style="color: red;"><br /></span>Leif M. Hagen, CLU, ChFC<br />
LPL Financial Advisor<span style="color: red;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
P.S. Please feel free to forward this commentary to family, friends, or colleagues. If you would like us to add them to the list, please reply to this email with their email address and we will ask for their permission to be added.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
Securities offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkk5gUWsAfSfX0NB1boRzo8inscDOow9NAGLFjmtto9v35-lXuPkSn4rxdyPL9izqlwX2HdaRuLr2QvxGzbTCabifPVwr7ejfy10K8Lq-hds_37oUEYp9DMTxf1EbqWORqa5HR393JWtPo/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkk5gUWsAfSfX0NB1boRzo8inscDOow9NAGLFjmtto9v35-lXuPkSn4rxdyPL9izqlwX2HdaRuLr2QvxGzbTCabifPVwr7ejfy10K8Lq-hds_37oUEYp9DMTxf1EbqWORqa5HR393JWtPo/s320/OfficeTeamPhoto.jpg" width="320" /></a></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<o:p><br /></o:p></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<v:shape alt="A person wearing a suit and tie
Description automatically generated" id="Picture_x0020_3" o:spid="_x0000_i1025" style="height: 177.75pt; visibility: visible; width: 237pt;" type="#_x0000_t75"><v:imagedata o:title="A person wearing a suit and tie
Description automatically generated" src="file:///C:/Users/Office/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg"></v:imagedata></v:shape><o:p></o:p></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* These views are those of Carson Coaching, and not the presenting Representative, the Representative’s Broker/Dealer, or Registered Investment Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* This newsletter was prepared by Carson Coaching. Carson Coaching is not affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* Government bonds and Treasury Bills are guaranteed by the U.S. government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value. However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* Corporate bonds are considered higher risk than government bonds but normally offer a higher yield and are subject to market, interest rate and credit risk as well as additional risks based on the quality of issuer coupon rate, price, yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. You cannot invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* All indexes referenced are unmanaged. The volatility of indexes could be materially different from that of a client’s portfolio. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index performance is not indicative of the performance of any investment. You cannot invest directly in an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* The Dow Jones Global ex-U.S. Index covers approximately 95% of the market capitalization of the 45 developed and emerging countries included in the Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* Gold represents the afternoon gold price as reported by the London Bullion Market Association. The gold price is set twice daily by the London Gold Fixing Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* The Bloomberg Commodity Index is designed to be a highly liquid and diversified benchmark for the commodity futures market. The Index is composed of futures contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* The DJ Equity All REIT Total Return Index measures the total return performance of the equity subcategory of the Real Estate Investment Trust (REIT) industry as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an index representing 30 stock of companies maintained and reviewed by the editors of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* International investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors. These risks are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* Yahoo! Finance is the source for any reference to the performance of an index between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* Past performance does not guarantee future results. Investing involves risk, including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* <span style="background: white;">The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* There is no guarantee a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">* To unsubscribe from the “Peek of the Week,” please reply to this email with “Unsubscribe” in the subject line or write us at: Hagen Financial Network, Inc.; 4640 Nicols Road – Suite 203; Eagan, MN 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.barrons.com/articles/dow-jones-industrial-average-gains-846-points-in-comeback-week-51581124626?mod=hp_DAY_3"><span style="font-size: 11pt;">https://www.barrons.com/articles/dow-jones-industrial-average-gains-846-points-in-comeback-week-51581124626?mod=hp_DAY_3</span></a><span class="MsoHyperlink"><span style="font-size: 11pt;"> </span></span><span class="MsoHyperlink"><span style="font-size: 11pt;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-10-20_Barrons-Coronavirus-Slower_Growth-The_Dow_Just_Had_A_Spectacular_Week-Footnote_1.pdf"><span style="font-size: 11pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-10-20_Barrons-Coronavirus-Slower_Growth-The_Dow_Just_Had_A_Spectacular_Week-Footnote_1.pdf</span></a><span class="MsoHyperlink"><span style="font-size: 11pt;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.factset.com/hubfs/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_013120.pdf"><span style="font-size: 11pt;">https://www.factset.com/hubfs/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_013120.pdf</span></a><span style="font-size: 11pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.investopedia.com/terms/e/earnings.asp"><span style="font-size: 11pt;">https://www.investopedia.com/terms/e/earnings.asp</span></a><span style="font-size: 11pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.multpl.com/s-p-500-pe-ratio"><span style="font-size: 11pt;">https://www.multpl.com/s-p-500-pe-ratio</span></a><span style="font-size: 11pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.axios.com/newsletters/axios-markets"><span style="font-size: 11pt;">https://www.axios.com/newsletters/axios-markets</span></a><span style="font-size: 11pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://country.eiu.com/united-states"><span style="font-size: 11pt;">https://country.eiu.com/united-states</span></a><span style="font-size: 11pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://country.eiu.com/article.aspx?articleid=148994798&Country=United%20States&topic=Economy"><span style="font-size: 11pt;">https://country.eiu.com/article.aspx?articleid=148994798&Country=United%20States&topic=Economy</span></a><span style="font-size: 11pt;"> <span class="MsoHyperlink">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-10-20_TheEconomist-Fed_Continues_Delicate_Balancing_Act-Footnote_7.pdf"><span style="font-size: 11pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-10-20_TheEconomist-Fed_Continues_Delicate_Balancing_Act-Footnote_7.pdf</span></a><span class="MsoHyperlink"><span style="font-size: 11pt;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://fred.stlouisfed.org/series/GFDEGDQ188S"><span style="font-size: 11pt;">https://fred.stlouisfed.org/series/GFDEGDQ188S</span></a><span style="font-size: 11pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.cfr.org/backgrounder/national-debt-dilemma"><span style="font-size: 11pt;">https://www.cfr.org/backgrounder/national-debt-dilemma</span></a><span style="font-size: 11pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.cfr.org/global/global-monetary-policy-tracker/p37726"><span style="font-size: 11pt;">https://www.cfr.org/global/global-monetary-policy-tracker/p37726</span></a><span style="font-size: 11pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.creditcards.com/credit-card-news/financial-infidelity-cheating-poll.php"><span style="font-size: 11pt;">https://www.creditcards.com/credit-card-news/financial-infidelity-cheating-poll.php</span></a><span style="font-size: 11pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://psychcentral.com/news/2019/12/31/financial-infidelity-can-take-a-toll-on-relationships/152583.html"><span style="font-size: 11pt;">https://psychcentral.com/news/2019/12/31/financial-infidelity-can-take-a-toll-on-relationships/152583.html</span></a><span style="font-size: 11pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.goodreads.com/quotes/tag/love"><span style="font-size: 11pt;">https://www.goodreads.com/quotes/tag/love</span></a><span style="font-size: 11pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="background: whitesmoke; color: #111111; font-family: "helvetica" , sans-serif; font-size: 10.5pt;">Photo by </span><a href="https://unsplash.com/@austindistel?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="box-sizing: border-box; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s;"><span style="background: whitesmoke; color: #767676; font-family: "helvetica" , sans-serif; font-size: 10.5pt;">Austin Distel</span></a><span style="background: whitesmoke; color: #111111; font-family: "helvetica" , sans-serif; font-size: 10.5pt;"> on </span><a href="https://unsplash.com/s/photos/stock-market?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="box-sizing: border-box; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s;"><span style="background: whitesmoke; color: #767676; font-family: "helvetica" , sans-serif; font-size: 10.5pt;">Unsplash</span></a><span style="font-size: 11pt;"><o:p></o:p></span></div>
Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd Suite 203, Eagan, MN 55122, USA44.788486 -93.2169971999999821.773149 -134.52559119999998 67.803823 -51.908403199999981tag:blogger.com,1999:blog-5614622820149022815.post-17974983349070324772020-02-04T08:48:00.000-06:002020-02-04T08:57:39.432-06:00Tremors ripple through global markets<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHBFGAxFoyWUzQ_jLrhSwv0KgrT6SqLN3o1UsRYnj0lSEu3qeCvp9iM0NLLzzjfJxJAQlfied7u-gE7hrLa2wzqiEgqz2AyS2ehK5OMEWehLTDwweZY-Um0A1RnwrXm9vLgGvSRpffnYmk/s1600/eric-ward-ISg37AI2A-s-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1069" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHBFGAxFoyWUzQ_jLrhSwv0KgrT6SqLN3o1UsRYnj0lSEu3qeCvp9iM0NLLzzjfJxJAQlfied7u-gE7hrLa2wzqiEgqz2AyS2ehK5OMEWehLTDwweZY-Um0A1RnwrXm9vLgGvSRpffnYmk/s400/eric-ward-ISg37AI2A-s-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt;"><o:p> </o:p></span></b><b><span style="color: #4f81bd; font-size: 26.0pt;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">February 4, 2020<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Prepare yourself. There is a
good chance markets will be volatile in the coming weeks.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Precautions designed to slow
the spread of the coronavirus may also slow Chinese economic growth and, by extension,
global economic growth.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">On Thursday, the World Health
Organization declared the coronavirus to be an international health emergency.
The U.S. State Department issued a travel advisory for China, and major U.S.
airlines suspended flights to the nation, reported <i>Forbes</i>.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">In six Chinese provinces,
factories and businesses are shut until at least February 10. The closures
have created issues for global supply chains, and <i>Financial Times </i>reported,
“Companies from luxury retailers to airlines and banks are reeling as the
disease accelerates.”<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Events sparked a bond rally
as investors shifted assets into safe haven investments. <i>The Economist</i>
wrote that previous viruses have not had lasting effects on economic growth. “Other
recent epidemics have reinforced the impression that economists should not be
overly worried, so long as good doctors are on the job. Neither avian flu in
2006 nor swine flu in 2009 dimmed the global outlook. Yet even flint-hearted
investors are wondering whether the new epidemic might be worse. Stocks in Hong
Kong have fallen by nearly 10 percent as reported infections have steadily
increased. Tremors have also rippled through global markets.”<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">China’s government is
prepared to step into the breach. On Saturday, <i>Reuters</i> reported,
“Chinese authorities have pledged to use various monetary policy tools to
ensure liquidity remains reasonably ample and to support firms affected by the
virus epidemic…” The Chinese central bank is expected to begin offering support
on February 3 before the Chinese stock market reopens for the first time since
January 23.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">The European Union may also
be in need of economic stimulus. <i>Financial Times</i> reported the Eurozone
economy came to a virtual standstill (up 0.1 percent) in the fourth quarter and
grew just 1.2 percent during 2019. Economies in France and Italy, the second
and third largest in the region, both contracted during the fourth quarter.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Major U.S. stock indices
moved lower last week.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "times new roman" , serif; font-size: 10.0pt;"><br clear="all" style="page-break-before: always;" />
</span>
<br />
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
1/31/20<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal">
<span style="mso-bidi-font-size: 12.0pt;">Standard &
Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">-2.1%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">-0.2%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">19.3%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">12.3%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.8%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.5%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global
ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">-3.1<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">-2.7<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">7.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">5.0<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.9<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury
Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.7<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.3<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">19.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.8<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="text-align: center;">
-3.2<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="text-align: center;">
-7.5<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="text-align: center;">
-7.3<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="text-align: center;">
-5.1<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
-5.9<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="text-align: center;">
-5.4<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="color: white; font-size: 8.0pt;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) and the three-, five-, and 10-year returns are annualized; and
the 10-year Treasury Note is simply the yield at the close of the day on each
of the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not
applicable.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">The Things We
Do For Pets. </span></b><span style="color: black; font-size: 12.0pt;">While there is some debate about how many American households include
pets – <i>The Washington Post</i> reports estimates from the American Pet
Products Association are about 11 percent higher than those of the American
Veterinary Medical Association – there is little debate about how much people
love their pets.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt;">With Valentine’s Day coming up soon, you may be wondering how to show
your pet you care. Here are a few ideas:<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b><span style="color: black; font-size: 12.0pt;">Doggie playlists and podcasts.</span></b><span style="color: black; font-size: 12.0pt;"> Want to make certain
your pup doesn’t get lonely (or into too much trouble) when left at home alone?
One major media company is making canine playlists and podcasts. <i>Reuters</i>
reported the podcasts feature, “…soothing music, ‘dog-directed praise,’
stories, and messages of affirmation and reassurance narrated by actors to
alleviate stress…”<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b><span style="color: black; font-size: 12.0pt;">Video chat or…bark?</span></b><span style="color: black; font-size: 12.0pt;"> Wouldn’t it be great to take a break
and chat with your pet during lunch hour? One social media user, cited by <i>The
Insider</i>, thought so. “I taught my dog to accept [video] calls through my
laptop at home while I'm at work. Then, we just talk.”<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b><span style="color: black; font-size: 12.0pt;">Travel somewhere fun.</span></b><span style="color: black; font-size: 12.0pt;"> Millions of people travel with their
pets, according to <i>Forbes</i>. One travel magazine publishes a pet-friendly
article each month. The <i>LA Travel Magazine</i> archive includes titles like,
‘<i>TopDawg’ Resorts in the U.S.</i> and <i>The Pawfect Guide to Dog Beaches in
SoCal</i>.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b><span style="color: black; font-size: 12.0pt;">Just don’t supersize it.</span></b><span style="color: black; font-size: 12.0pt;"> A pet owner, cited
by the <i>Odyssey,</i> occasionally indulges her pets with people food. “When
we go out for [fast food] or something, my mom and I buy them each their own
burger and sometimes include fries so they can have a meal.”<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt;">On Valentine’s Day, remember to do something nice for the people you
love, too.<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">“The more
cats you have, the longer you live. If you have a hundred cats, you’ll live ten
times longer than if you have ten. Someday this will be discovered, and people
will have a thousand cats and live forever.” <o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i><span style="background: white; color: #181818; font-size: 12.0pt;">--Charles Bukowski, Poet and novelist<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "edwardian script itc"; font-size: 26.0pt;">Leif
M. Hagen<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Leif
M. Hagen, CLU, ChFC<br />
LPL Financial Advisor<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhAFFEcmhmNfNMt71nqc_0DywUNY7z2dxrsGcVVnmPSlJ0Fxsd3jBKenfHWbBd2CJ9fRav1XN1d3gEY-uldawWmVfwtcyiMgpjPebYSAmdvVAj50cWYu0Demiz2OnrxTQK3tMfh0UtcF27/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhAFFEcmhmNfNMt71nqc_0DywUNY7z2dxrsGcVVnmPSlJ0Fxsd3jBKenfHWbBd2CJ9fRav1XN1d3gEY-uldawWmVfwtcyiMgpjPebYSAmdvVAj50cWYu0Demiz2OnrxTQK3tMfh0UtcF27/s320/OfficeTeamPhoto.jpg" width="320" /></a></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 12.0pt; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock></v:path></v:stroke></v:shapetype><v:shape alt="A person wearing a suit and tie
Description automatically generated" id="Picture_x0020_1" o:spid="_x0000_i1025" style="height: 171.75pt; mso-wrap-style: square; visibility: visible; width: 228.75pt;" type="#_x0000_t75">
<v:imagedata o:title="A person wearing a suit and tie
Description automatically generated" src="file:///C:/Users/Office/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network, Inc.;
4640 Nicols Road – Suite 203; Eagan, MN; 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.forbes.com/sites/sergeiklebnikov/2020/01/31/markets-plummet-dow-drops-over-600-points-as-coronavirus-infections-outpace-sars/#5e9264725ddc"><span style="font-size: 11.0pt;">https://www.forbes.com/sites/sergeiklebnikov/2020/01/31/markets-plummet-dow-drops-over-600-points-as-coronavirus-infections-outpace-sars/#5e9264725ddc</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://travel.state.gov/content/travel/en/traveladvisories/traveladvisories/china-travel-advisory.html"><span style="font-size: 11.0pt;">https://travel.state.gov/content/travel/en/traveladvisories/traveladvisories/china-travel-advisory.html</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.ft.com/content/b8027b84-4514-11ea-aeb3-955839e06441"><span style="font-size: 11.0pt;">https://www.ft.com/content/b8027b84-4514-11ea-aeb3-955839e06441</span></a><span style="font-size: 11.0pt;"> <span style="color: black; mso-themecolor: text1;">(<i>or
go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-03-20_FinancialTimes-Apple_Shuts_42_China_Retail_Stores_Due_to_Coronavirus-Footnote_3.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-03-20_FinancialTimes-Apple_Shuts_42_China_Retail_Stores_Due_to_Coronavirus-Footnote_3.pdf</span></a><span style="color: black; font-size: 11.0pt;">)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.ft.com/content/f3fcdc5a-4119-11ea-bdb5-169ba7be433d"><span style="font-size: 11.0pt;">https://www.ft.com/content/f3fcdc5a-4119-11ea-bdb5-169ba7be433d</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-03-20_FinancialTimes-The_Impact_of_Coronavirus_Across_Industry_and_Finance-Footnote_4.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-03-20_FinancialTimes-The_Impact_of_Coronavirus_Across_Industry_and_Finance-Footnote_4.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.economist.com/international/2020/01/30/chinas-coronavirus-semi-quarantine-will-hurt-the-global-economy"><span style="font-size: 11.0pt;">https://www.economist.com/international/2020/01/30/chinas-coronavirus-semi-quarantine-will-hurt-the-global-economy</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-03-20_TheEconomist-Chinas_Coronavirus_Semi-Quarantine_will_Hurt_the_Global_Economy-Footnote_5.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-03-20_TheEconomist-Chinas_Coronavirus_Semi-Quarantine_will_Hurt_the_Global_Economy-Footnote_5.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.reuters.com/article/us-china-health-cenbank/china-central-bank-to-inject-174-billion-via-reverse-repos-on-february-3-idUSKBN1ZW074"><span style="font-size: 11.0pt;">https://www.reuters.com/article/us-china-health-cenbank/china-central-bank-to-inject-174-billion-via-reverse-repos-on-february-3-idUSKBN1ZW074</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.ft.com/content/f3088ca8-43f9-11ea-abea-0c7a29cd66fe"><span style="font-size: 11.0pt;">https://www.ft.com/content/f3088ca8-43f9-11ea-abea-0c7a29cd66fe</span></a><span style="font-size: 11.0pt;"> <span style="color: black; mso-themecolor: text1;">(<i>or
go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-03-20_FinancialTimes-Eurozone_Grows_Just_0.1_Percent_as_France_and_Italy_Shrink-Footnote_7.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/02-03-20_FinancialTimes-Eurozone_Grows_Just_0.1_Percent_as_France_and_Italy_Shrink-Footnote_7.pdf</span></a><span style="color: black; font-size: 11.0pt;">)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.washingtonpost.com/science/2019/01/31/how-many-americans-have-pets-an-investigation-into-fuzzy-statistics/"><span style="font-size: 11.0pt;">https://www.washingtonpost.com/science/2019/01/31/how-many-americans-have-pets-an-investigation-into-fuzzy-statistics/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.reuters.com/article/us-odd-spotify-dogs/spotify-launches-playlists-for-dogs-left-home-alone-idUSKBN1ZE1D8"><span style="font-size: 11.0pt;">https://www.reuters.com/article/us-odd-spotify-dogs/spotify-launches-playlists-for-dogs-left-home-alone-idUSKBN1ZE1D8</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.insider.com/ways-people-spoil-their-pets-2018-10#they-taught-their-dog-how-to-facetime-1"><span style="font-size: 11.0pt;">https://www.insider.com/ways-people-spoil-their-pets-2018-10#they-taught-their-dog-how-to-facetime-1</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.forbes.com/sites/michaelgoldstein/2019/02/22/americans-spending-billions-on-pet-travel-and-boarding/#40c74baa24f7"><span style="font-size: 11.0pt;">https://www.forbes.com/sites/michaelgoldstein/2019/02/22/americans-spending-billions-on-pet-travel-and-boarding/#40c74baa24f7</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://latravelmagazine.com/activities/pet-friendly/"><span style="font-size: 11.0pt;">https://latravelmagazine.com/activities/pet-friendly/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.theodysseyonline.com/14-strangest-things-people-do-with-their-pets"><span style="font-size: 11.0pt;">https://www.theodysseyonline.com/14-strangest-things-people-do-with-their-pets</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.goodreads.com/work/quotes/44216022-on-cats"><span style="font-size: 11.0pt;">https://www.goodreads.com/work/quotes/44216022-on-cats</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4040 Nicols Rd #203, Eagan, MN 55122, USA44.8108935 -93.217460744.8105415 -93.2180912 44.8112455 -93.2168302tag:blogger.com,1999:blog-5614622820149022815.post-43857230822472840172020-01-27T13:45:00.001-06:002020-01-27T13:45:02.495-06:00Pandemic preparedness and economic growth<br />
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt; mso-themecolor: accent1;"><o:p> </o:p></span></b><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEw1eA2-vHGdAbDo8zhBBzCWqglnWMNVFTD-es2iNyqdiPYD6cMOusJNihAu4sk9aY8WeV-eOK0NHTsekW9fkey-cQ5FU9Ok7qGBCuLkHlBvAgmPQ7hRrBt4-0IUGtYJ_nlJP3fkDn0Y5D/s1600/cdc-LiNIONbajm4-unsplash.jpg" imageanchor="1" style="font-size: 26pt; font-weight: bold; margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="265" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEw1eA2-vHGdAbDo8zhBBzCWqglnWMNVFTD-es2iNyqdiPYD6cMOusJNihAu4sk9aY8WeV-eOK0NHTsekW9fkey-cQ5FU9Ok7qGBCuLkHlBvAgmPQ7hRrBt4-0IUGtYJ_nlJP3fkDn0Y5D/s400/cdc-LiNIONbajm4-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt; mso-themecolor: accent1;">“Peek of the Week”<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">January 27, 2020<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets</span></b><span style="color: #00b050; mso-bidi-font-weight: bold;"> </span><b><span style="color: #00b050; font-size: 14.0pt;"><o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Markets
hunkered down last week.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">News
of the coronavirus outbreak in Wuhan, China unsettled investors around the
world. The respiratory infection is related to severe acute respiratory
syndrome (SARS) and Middle East respiratory syndrome (MERS), reported <i>WebMD</i>.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Previous
virus outbreaks have affected global economic growth. Research into pandemic
preparedness suggests extreme events can reduce global annual income by 0.6
percent per year (including mortality and income loss). Lower income often is
equated with slower economic growth.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Viruses
can also affect companies and share values. However, not every investment will move
in the same direction at the same time, and not every country or industry will
be affected in the same way. <i>Barron’s</i> reported:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 34.2pt; margin-top: 0in;">
<span style="font-size: 12.0pt;">“SARS
infected more than 8,000 people in 2003, killing more than 770. The outbreak
occurred between November 2002 and July 2003. Stocks of U.S. airlines – a proxy
for travel-related shares – dropped more than 30 percent from pre-SARS highs
during that outbreak, about twice the decline of the broader S&P 500 index.
All stocks, it appears, were impacted by the outbreak. It took about three
months for shares to bottom and another three months to achieve previous
highs.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">China
responded to the outbreak by imposing a transportation lockdown, and that could
affect China’s economic growth. <i>S&P Global</i> explained:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 34.2pt; margin-top: 0in;">
<span style="font-size: 12.0pt;">“The
coronavirus is hitting China during Lunar New Year, a period when households
tend to spend more on travel, entertainment, and gifts. Even if the virus is
contained fairly quickly, the initial stages of high uncertainty are likely to
affect spending.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">In
addition, the city of Wuhan, where the outbreak began, is a major
transportation hub and a center for auto production. It is China’s sixth
largest city, home to 11 million people, and responsible for 1.6 percent of the
country’s economic growth.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Major
stock indices in the United States moved lower last week.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "Times New Roman",serif; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-themecolor: text1;"><br clear="all" style="page-break-before: always;" />
</span>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
1/24/20<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Standard & Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">-1.0%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.0%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">24.7%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">13.1%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.8%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.6%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">-1.1<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.4<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">13.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">6.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.0<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.7<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.6<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.4<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.7<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">21.9<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">8.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.6<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-3.1<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-4.4<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-3.6<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-4.5<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-5.2<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-5.4<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="color: white; font-size: 8.0pt; mso-bidi-font-size: 12.0pt; mso-color-alt: windowtext;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) and the three-, five-, and 10-year returns are annualized; and
the 10-year Treasury Note is simply the yield at the close of the day on each
of the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">a
decade of words. </span></b><i><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Time Magazine</span></i><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;"> puts a ‘Person of the Year’ on its cover. <i>ESPN</i>
awards ESPYs to athletes annually. <i>Nobel</i> and <i>Ig Nobel</i> committees recognize
the worthy and the unsuspecting. <i>Merriam Webster</i> selects a ‘Word of the
Year.’ It is the word dictionary users searched for more than they had in
previous years. Here are the words of the year from the last decade:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">2010: <b>Austerity</b>, noun, “The quality or
state of being austere, a stern and serious quality, a plain and simple
quality.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;"><span style="mso-tab-count: 1;"> </span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">2011: <b>Pragmatic</b>, adjective, “Relating
to matters of fact or practical affairs often to the exclusion of intellectual
or artistic matters: practical as opposed to idealistic.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">2012: <b>Socialism</b>, noun, “Any of various
economic and political theories advocating collective or governmental ownership
and administration of the means of production and distribution of goods,” tied
with <b>Capitalism</b>.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<b><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Capitalism</span></b><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">, noun, “An economic system
characterized by private or corporate ownership of capital goods, by
investments that are determined by private decision, and by prices, production,
and the distribution of goods that are determined mainly by competition in a
free market.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">2013: <b>Science</b>, noun, “The state of
knowing: knowledge as distinguished from ignorance or misunderstanding.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">2014: <b>Culture</b>, noun, “The customary
beliefs, social forms, and material traits of a racial, religious, or social
group, also the characteristic features of everyday existence (such as
diversions or a way of life) shared by people in a place or time.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">2015: <b>-ism</b>, noun suffix, “Manner of
action or behavior characteristic of a (specified) person or thing, or
prejudice or discrimination on the basis of a (specified) attribute.” (The most
looked up words were socialism, fascism, racism, feminism, communism,
capitalism, and terrorism.)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">2016: <b>Surreal</b>, adjective, “Marked by
the intense irrational reality of a dream.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">2017: <b>Feminism</b>, noun, “The theory of
the political, economic, and social equality of the sexes; organized activity
on behalf of women's rights and interests.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">2018: <b>Justice</b>, noun, “The maintenance
or administration of what is just especially by the impartial adjustment of
conflicting claims or the assignment of merited rewards or punishments.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: -1.8pt; margin-top: 0in;">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">2019: <b>They</b>, pronoun, “Those ones:
those people, animals, or things.” The definition was expanded to, “Used to
refer to a single person whose gender identity is nonbinary.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">The short-list of words for 2019 included:
quid pro quo, impeach, crawdad, egregious, clemency, the, snitty, tergiversation
(“evasion of straightforward action or clear-cut statement”), camp, and exculpate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">“We think
of English as a fortress to be defended, but a better analogy is to think of
English as a child. We love and nurture it into being, and once it gains gross
motor skills, it starts going exactly where we don't want it to go: it heads
right for the…electrical sockets. We dress it in fancy clothes and tell it to
behave, and it comes home with its underwear on its head and wearing someone
else's socks. As English grows, it lives its own life, and this is right and
healthy. Sometimes English does exactly what we think it should; sometimes it
goes places we don't like and thrives there in spite of all our worrying. We
can tell it to clean itself up and act more like Latin; we can throw tantrums
and start learning French instead. But we will never really be the boss of it.
And that's why it flourishes.” <o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<span style="background: white; color: #181818; font-size: 12.0pt;">--<i>Kory Stamper, Lexicographer and author<o:p></o:p></i></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "Edwardian Script ITC"; font-size: 26.0pt; mso-themecolor: accent1;">Leif
M. Hagen<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Leif
M. Hagen, CLU ChFC<br />
LPL Financial Advisor<span style="color: red;"><br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitttb9lCuimMbYDIW4aML24oxmSDC7bFMCoOhlLsB5JEEveYvKRBdz_JEeL4wGm4bUkKY613hvShuVk8W8Jl5Rv0OdteZ_93UNDxixvdrzh4em4dQShziGhH_xfHxEEjlunw6iiLuiYGEX/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitttb9lCuimMbYDIW4aML24oxmSDC7bFMCoOhlLsB5JEEveYvKRBdz_JEeL4wGm4bUkKY613hvShuVk8W8Jl5Rv0OdteZ_93UNDxixvdrzh4em4dQShziGhH_xfHxEEjlunw6iiLuiYGEX/s320/OfficeTeamPhoto.jpg" width="320" /></a></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 12.0pt; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock></v:path></v:stroke></v:shapetype><v:shape alt="A person wearing a suit and tie
Description automatically generated" id="Picture_x0020_1" o:spid="_x0000_i1025" style="height: 156.75pt; mso-wrap-style: square; visibility: visible; width: 208.5pt;" type="#_x0000_t75">
<v:imagedata o:title="A person wearing a suit and tie
Description automatically generated" src="file:///C:/Users/Office/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network,
Inc,; 4640 Nicols Rd – Suite #203; Eagan, MN 55122<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.barrons.com/articles/stocks-catch-a-cold-after-fed-stops-expanding-its-balance-sheet-51579916069?mod=hp_DAY_1"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/stocks-catch-a-cold-after-fed-stops-expanding-its-balance-sheet-51579916069?mod=hp_DAY_1</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-27-20_Barrons-Stocks_Catch_a_Cold_After_Fed_Stops_Expanding_its_Balance_Sheet-Footnote_1.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-27-20_Barrons-Stocks_Catch_a_Cold_After_Fed_Stops_Expanding_its_Balance_Sheet-Footnote_1.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.webmd.com/lung/news/20200124/coronavirus-2020-outbreak-latest-updates"><span style="font-size: 11.0pt;">https://www.webmd.com/lung/news/20200124/coronavirus-2020-outbreak-latest-updates</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5791779/"><span style="font-size: 11.0pt;">https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5791779/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.economicshelp.org/blog/149782/economics/effects-of-slower-economic-growth/"><span style="font-size: 11.0pt;">https://www.economicshelp.org/blog/149782/economics/effects-of-slower-economic-growth/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.barrons.com/articles/travel-stocks-coronavirus-china-airlines-health-care-51579714639"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/travel-stocks-coronavirus-china-airlines-health-care-51579714639</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-27-20_Barrons-Coronavirus_has_Hit_the_Stock_Market-Heres_What_History_Says_Comes_Next-Footnote_5.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-27-20_Barrons-Coronavirus_has_Hit_the_Stock_Market-Heres_What_History_Says_Comes_Next-Footnote_5.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.spglobal.com/en/research-insights/articles/coronavirus-in-china-early-thoughts-on-the-economic-impact"><span style="font-size: 11.0pt;">https://www.spglobal.com/en/research-insights/articles/coronavirus-in-china-early-thoughts-on-the-economic-impact</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.merriam-webster.com/words-at-play/word-of-the-year"><span style="font-size: 11.0pt;">https://www.merriam-webster.com/words-at-play/word-of-the-year</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.merriam-webster.com/dictionary/austerity"><span style="font-size: 11.0pt;">https://www.merriam-webster.com/dictionary/austerity</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.merriam-webster.com/dictionary/pragmatic"><span style="font-size: 11.0pt;">https://www.merriam-webster.com/dictionary/pragmatic</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.merriam-webster.com/dictionary/socialism"><span style="font-size: 11.0pt;">https://www.merriam-webster.com/dictionary/socialism</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.merriam-webster.com/dictionary/capitalism"><span style="font-size: 11.0pt;">https://www.merriam-webster.com/dictionary/capitalism</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.merriam-webster.com/dictionary/science"><span style="font-size: 11.0pt;">https://www.merriam-webster.com/dictionary/science</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.merriam-webster.com/dictionary/culture"><span style="font-size: 11.0pt;">https://www.merriam-webster.com/dictionary/culture</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.merriam-webster.com/dictionary/-ism"><span style="font-size: 11.0pt;">https://www.merriam-webster.com/dictionary/-ism</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.merriam-webster.com/dictionary/surreal"><span style="font-size: 11.0pt;">https://www.merriam-webster.com/dictionary/surreal</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.merriam-webster.com/dictionary/feminism"><span style="font-size: 11.0pt;">https://www.merriam-webster.com/dictionary/feminism</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.merriam-webster.com/dictionary/justice"><span style="font-size: 11.0pt;">https://www.merriam-webster.com/dictionary/justice</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.merriam-webster.com/dictionary/they"><span style="font-size: 11.0pt;">https://www.merriam-webster.com/dictionary/they</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;"><a href="https://www.goodreads.com/quotes/tag/linguistics">https://www.goodreads.com/quotes/tag/linguistics</a></span><span style="background-color: whitesmoke; color: #111111; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; white-space: nowrap;">Photo by </span><a href="https://unsplash.com/@cdc?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="background-color: whitesmoke; box-sizing: border-box; color: #767676; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; white-space: nowrap;">CDC</a><span style="background-color: whitesmoke; color: #111111; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; white-space: nowrap;"> on </span><a href="https://unsplash.com/s/photos/virus?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="background-color: whitesmoke; box-sizing: border-box; color: #767676; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; white-space: nowrap;">Unsplash</a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd #203, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395tag:blogger.com,1999:blog-5614622820149022815.post-12099825836256840572020-01-21T11:35:00.000-06:002020-01-21T11:35:06.200-06:00New trade deals, plus trends of the 2010s...<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizm8CsvRq45ccIJqSooZOKdFc7KJMIoB70oKJu6jL6WmB5oFm5pFDsqNDnqiE6Q2ZjCnd7Axhshya9ZIfaoBgXCvHPgEgLy_yOEg4z1n1ZXUbTgoByeTwxm9kO0U2eXsOW5UiZ7sESpagV/s1600/brenda-godinez-k4116JZ07S0-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizm8CsvRq45ccIJqSooZOKdFc7KJMIoB70oKJu6jL6WmB5oFm5pFDsqNDnqiE6Q2ZjCnd7Axhshya9ZIfaoBgXCvHPgEgLy_yOEg4z1n1ZXUbTgoByeTwxm9kO0U2eXsOW5UiZ7sESpagV/s400/brenda-godinez-k4116JZ07S0-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;"><o:p> </o:p></span></b><b><span style="color: #00b050; font-size: 16.0pt;">Market Commentary</span></b></div>
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">January 21, 2020<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<br /></div>
<div class="MsoNormal" style="tab-stops: 427.5pt; text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets</span></b><span style="color: #00b050; mso-bidi-font-weight: bold;"> </span><b><span style="color: #00b050; font-size: 14.0pt;"><o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">The new trade deals are here!<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">The United States and China
signed a preliminary trade deal last week. The next day, the United
States-Mexico-Canada Agreement was approved by the Senate.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">The phase-one deal between
the United States and China has been analyzed, applauded, disparaged, and
questioned. Here is a sampling of what’s being said:<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in;">
<span style="font-size: 12.0pt;">“The
eight-part deal includes protections for trade secrets and intellectual
property, mechanisms for enforceability, and commitments by Beijing to increase
purchases of U.S. goods and services by $200 billion over the next two years.
It also broadens U.S. companies’ access to China’s markets…”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-left: .25in; text-align: right;">
<i><span style="font-size: 12.0pt;">-- Barron’s</span></i><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in;">
<span style="font-size: 12.0pt;">“While
the deal isn’t insignificant – China has promised $200 billion in purchases…The
sweeping U.S. goals to change the way China’s economy functions, from shrinking
state-funded industries to strengthening intellectual property laws, are either
absent from the deal or described in vague terms.” <o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-left: .25in; text-align: right;">
<i><span style="font-size: 12.0pt;">-- Foreign Policy <o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-left: .25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in;">
<span style="font-size: 12.0pt;">“A
truly grand pact between the two countries is some way off – and indeed, may
never arrive. But this modest trade agreement shows how much the status quo has
changed. Tariffs on hundreds of billions of dollars…of imports into both countries
remain in place, with an ever-present threat of more. This is not trade peace,
but rather a trade truce – and a tense one at that.”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-left: .25in; text-align: right;">
<i><span style="font-size: 12.0pt;">-- The Economist<o:p></o:p></span></i></div>
<div align="right" class="MsoNormal" style="margin-left: .25in; text-align: right;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in;">
<span style="font-size: 12.0pt;">“Moreover,
some countries are worried that $200bn of Chinese purchases of US goods
that are part of the agreement will enshrine ‘managed trade’ between the
world’s two largest economies, possibly flouting market forces, discriminating
against their companies and violating WTO commitments.”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="text-align: right; text-indent: .25in;">
<i><span style="font-size: 12.0pt;">-- Financial Times</span></i><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="text-align: right; text-indent: .25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in;">
<span style="font-size: 12.0pt;">“One
aspect that most have not addressed is that this is only a two-year agreement.
What happens at the end of the two years is not defined…China has pledged to
purchase $36.5 billion in ag products in 2020 and $43.5 billion in 2021. But
the issues are no one believes either side will keep up their end of the
bargain.”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-left: .25in; text-align: right;">
<i><span style="font-size: 12.0pt;">-- AgWeek<o:p></o:p></span></i></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Despite a diversity of
opinion about the deal, investors were happy. The Dow Jones Industrial Average
surpassed 29,000 for the first time and was up 2.8 percent for the year through
last Friday, reported <i>Barron’s</i>.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "Times New Roman",serif; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-themecolor: text1;"><br clear="all" style="page-break-before: always;" />
</span>
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
1/17/20<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="mso-bidi-font-size: 12.0pt;">Standard & Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.0%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.1%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">26.3%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">13.7%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">10.5%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.2%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 13.15pt center 18.6pt left 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">15.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">6.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.6<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 13.15pt center 18.6pt left 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.7<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.3<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.3<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">20.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">8.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.2<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="tab-stops: 427.5pt;">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
-1.1<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
-1.3<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
-0.8<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
-3.6<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
-4.7<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
-5.4<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="color: white; font-size: 8.0pt; mso-bidi-font-size: 12.0pt; mso-color-alt: windowtext;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) <o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">and the three-, five-, and 10-year returns are
annualized; and the 10-year Treasury Note is simply the yield at the close of
the day on each of<o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: -157.5pt 427.5pt;">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">Culinary trends
of the 2010</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt;">s<span style="text-transform: uppercase;">…</span></span></b><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">The way we eat
changed during the past 10 years. The <i>Auguste Escoffier School of the
Culinary Arts</i> pointed out sales of American cheese have fallen because
younger generations prefer artisanal cheeses. <span style="mso-spacerun: yes;"> </span>Unprocessed cheese isn’t the only food
trending last decade. <span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Shoot it while it’s
hot!</span></b><span style="color: black; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-themecolor: text1;"> Social media has delayed a few meals. More than
one-in-four people told <i>Influence.com</i> they had been asked to delay a
meal so someone could take a perfect shot to whet followers’ appetites. </span><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .25in;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Look at all the rainbows and unicorns</span></b><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">. People indulged in
rainbow bagels smeared with birthday cake frosting and rainbow grilled cheese
sandwiches. If cupcakes, toast, or coffee was sparkly, bright, or shaped – it
may have had ‘unicorn’ before its name. Why, you ask? Scientific studies suggest
people perceive bright and/or sparkly food to be tastier and less boring than
naturally colored food. <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Avocado toast persisted</span></b><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">. From simple avocado mashed on
crunchy bread to 20-plus ingredient gourmet extravaganzas, avocado toast became
a social media sensation.<span style="mso-spacerun: yes;"> </span>There are even
competing origin stories. Was the first avocado (a.k.a. alligator pear) toast
created and consumed in Australia? California? Mexico? <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle">
<br /></div>
<div class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Meatless meat</span></b><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">. Vegetables are delicious. They’re
versatile, and now they’re masquerading as meat. America has become passionate
about plant-based meat products. There is a catch.<i> Vox</i> reported,
“…nutritionists who have conducted analyses have largely found that the
meatless meat burgers are, well, fine – not any better for you than a beef
burger but not worse, with the specific details depending on which health
priorities you have.” <span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">What is your favorite food trend from the last decade? Putting an egg on
top? Meal kits? Kale? Macarons? Fermentation? <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="tab-stops: -157.5pt 427.5pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">“There's a
rebel lying deep in my soul. Anytime anybody tells me the trend is such and
such, I go the opposite direction. I hate the idea of trends. I hate imitation;
I have a reverence for individuality.” <o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i><span style="background: white; color: #181818; font-size: 12.0pt;">― Clint Eastwood, Actor<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "Edwardian Script ITC"; font-size: 26.0pt; mso-themecolor: accent1;">Leif
M. Hagen</span></b><span style="color: red; font-size: 12.0pt;"><br />
</span><span style="font-size: 12.0pt;">Leif M. Hagen, CLU, ChFC<br />
LPL Financial Advisor<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgoWbPRn1V7u9yAVsl3UQjCuQyDeyHGidyYy_aKmDT1jF5g7VOQy0-m2hXxv0b5z8YdbScTLL2J3UAd6ntDGkGvmtLWmF_Ip4VzXoSUfZlFy9PuGh7uKI_tLp3bkG0QkXQ1xvAYPV4n8Vaz/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgoWbPRn1V7u9yAVsl3UQjCuQyDeyHGidyYy_aKmDT1jF5g7VOQy0-m2hXxv0b5z8YdbScTLL2J3UAd6ntDGkGvmtLWmF_Ip4VzXoSUfZlFy9PuGh7uKI_tLp3bkG0QkXQ1xvAYPV4n8Vaz/s200/OfficeTeamPhoto.jpg" width="200" /></a></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="font-size: 12.0pt; mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0">
<v:f eqn="sum @0 1 0">
<v:f eqn="sum 0 0 @1">
<v:f eqn="prod @2 1 2">
<v:f eqn="prod @3 21600 pixelWidth">
<v:f eqn="prod @3 21600 pixelHeight">
<v:f eqn="sum @0 0 1">
<v:f eqn="prod @6 1 2">
<v:f eqn="prod @7 21600 pixelWidth">
<v:f eqn="sum @8 21600 0">
<v:f eqn="prod @7 21600 pixelHeight">
<v:f eqn="sum @10 21600 0">
</v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas>
<v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">
<o:lock aspectratio="t" v:ext="edit">
</o:lock></v:path></v:stroke></v:shapetype><v:shape alt="A person wearing a suit and tie
Description automatically generated" id="Picture_x0020_1" o:spid="_x0000_i1025" style="height: 150.75pt; mso-wrap-style: square; visibility: visible; width: 200.25pt;" type="#_x0000_t75">
<v:imagedata o:title="A person wearing a suit and tie
Description automatically generated" src="file:///C:/Users/Office/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg">
</v:imagedata></v:shape></span><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week,” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network, Inc.;
4640 Nicols Road – Suite 203; Eagan, MN, 55122<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.agriculture.com/news/business/as-senate-passes-usmca-trump-tells-farmers-to-remember-the-trade-war-money"><span style="font-size: 11.0pt;">https://www.agriculture.com/news/business/as-senate-passes-usmca-trump-tells-farmers-to-remember-the-trade-war-money</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.barrons.com/articles/china-trade-deal-looks-like-a-modest-positive-but-uncertainties-remain-51579303201"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/china-trade-deal-looks-like-a-modest-positive-but-uncertainties-remain-51579303201</span></a><span style="font-size: 11.0pt;"> (or go to </span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-21-20_Barrons_China_Trade_Deal_Looks_Like_A_Modest_Positive_But_Uncertainties_Remain2.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-21-20_Barrons_China_Trade_Deal_Looks_Like_A_Modest_Positive_But_Uncertainties_Remain2.pdf</span></a><span style="font-size: 11.0pt;"> )<o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://foreignpolicy.com/2020/01/15/phase-one-us-china-trade-deal-hypothetical-trump-liu-he/"><span style="font-size: 11.0pt;">https://foreignpolicy.com/2020/01/15/phase-one-us-china-trade-deal-hypothetical-trump-liu-he/</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.economist.com/finance-and-economics/2020/01/16/the-new-us-china-trade-deal-marks-an-uneasy-truce"><span style="font-size: 11.0pt;">https://www.economist.com/finance-and-economics/2020/01/16/the-new-us-china-trade-deal-marks-an-uneasy-truce</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span style="font-size: 11.0pt;">(or go to </span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-21-20_Economist-The_New_US_China_Trade_Deal_Hypothetical_Trump_Lie_He3.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-21-20_Economist-The_New_US_China_Trade_Deal_Hypothetical_Trump_Lie_He3.pdf</span></a><span style="font-size: 11.0pt;"> )<o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.ft.com/content/6a6b5548-3877-11ea-a6d3-9a26f8c3cba4"><span style="font-size: 11.0pt;">https://www.ft.com/content/6a6b5548-3877-11ea-a6d3-9a26f8c3cba4</span></a><span style="font-size: 11.0pt;"> (or go to </span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-21-20_FinancialTimes-Content_5.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-21-20_FinancialTimes-Content_5.pdf</span></a><span style="font-size: 11.0pt;"> )<o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.agweek.com/business/markets/4701408-reports-trade-deal-are-let-downs-markets"><span style="font-size: 11.0pt;">https://www.agweek.com/business/markets/4701408-reports-trade-deal-are-let-downs-markets</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.barrons.com/articles/the-dow-jones-industrial-average-is-headed-for-30-000-51579311984?mod=hp_HERO"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/the-dow-jones-industrial-average-is-headed-for-30-000-51579311984?mod=hp_HERO</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span style="font-size: 11.0pt;">(or go to </span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-21-20_Barrons_The_Dow_Jones_Industrial_Average_Is_Headed_For_30_000_7.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-21-20_Barrons_The_Dow_Jones_Industrial_Average_Is_Headed_For_30_000_7.pdf</span></a><span style="font-size: 11.0pt;"> )<o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.escoffier.edu/blog/culinary-arts/a-look-back-at-the-food-trends-of-the-2010s/"><span style="font-size: 11.0pt;">https://www.escoffier.edu/blog/culinary-arts/a-look-back-at-the-food-trends-of-the-2010s/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://influence.co/go/content/social-media-etiquette"><span style="font-size: 11.0pt;">https://influence.co/go/content/social-media-etiquette</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.eater.com/2016/4/27/11516910/rainbow-food-trend-science-bagels"><span style="font-size: 11.0pt;">https://www.eater.com/2016/4/27/11516910/rainbow-food-trend-science-bagels</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.nytimes.com/2017/04/19/style/unicorn-food-starbucks.html"><span style="font-size: 11.0pt;">https://www.nytimes.com/2017/04/19/style/unicorn-food-starbucks.html</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.tastecooking.com/really-invented-avocado-toast/"><span style="font-size: 11.0pt;">https://www.tastecooking.com/really-invented-avocado-toast/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://food52.com/blog/24876-top-food-trends-2010s"><span style="font-size: 11.0pt;">https://food52.com/blog/24876-top-food-trends-2010s</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.vox.com/future-perfect/2019/10/7/20880318/meatless-meat-mainstream-backlash-impossible-burger"><span style="font-size: 11.0pt;">https://www.vox.com/future-perfect/2019/10/7/20880318/meatless-meat-mainstream-backlash-impossible-burger</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.goodreads.com/quotes/tag/trends"><span style="font-size: 11.0pt;">https://www.goodreads.com/quotes/tag/trends</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd ste 203, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395tag:blogger.com,1999:blog-5614622820149022815.post-31077253013241286562020-01-13T11:29:00.000-06:002020-01-16T10:50:18.300-06:00Wildfires, earthquakes, missiles, oh my...<br>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_dF_AL0RExLz4hpVUSt7GWvP9avDMrdu5fgVXSUmPypiXCNswdJbT1YMVnnrLEW23d7q2OMXPOssEsfjADy-jkfohiZgMOUdRThGq6KDZagyMdnHV5V0wlpBKi21EbC4vbH5-_HsFgX65/s1600/joanne-francis-S9NQnIV4zOI-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1064" data-original-width="1600" height="265" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_dF_AL0RExLz4hpVUSt7GWvP9avDMrdu5fgVXSUmPypiXCNswdJbT1YMVnnrLEW23d7q2OMXPOssEsfjADy-jkfohiZgMOUdRThGq6KDZagyMdnHV5V0wlpBKi21EbC4vbH5-_HsFgX65/s400/joanne-francis-S9NQnIV4zOI-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt; mso-themecolor: accent1;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">January 13, 2020<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets</span></b><span style="color: #00b050; mso-bidi-font-weight: bold;"> </span><b><span style="color: #00b050; font-size: 14.0pt;"><o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">It
was a nerve-wracking week.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Iran
fired 22 ballistic missiles at the Ain Al Asad air base near western Iraq and a
second base in northern Iraq following last week’s U.S. drone strike that
killed a top Iranian military commander. <i>Newsweek</i> reported the bases
suffered minimal damage and there were no casualties from the attack. However,
Iran mistakenly downed a commercial airliner, killing all on board, reported <i>CBS
News</i>.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">U.S.
stock prices faltered after the initial attack, but recovered quickly when both
sides, “…step[ped] back from further violent escalation…,” reported <i>Barron’s</i>.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">U.S.
Treasury bond yields dropped sharply last week before rebounding. <i>Financial
Times</i> reported the possibility of war caused global investors to seek out investments
perceived to be safe havens. Record amounts of cash moved into bond investments,
particularly U.S. Treasuries, during the week ended last Wednesday.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Australia
was ravaged by wildfires. Citing the Insurance Council of Australia, <i>NPR</i>
reported, “The wildfires have killed more than two dozen people, more than a
billion animals. They've destroyed more than 1,800 houses, an untold number of
commercial buildings and thousands of acres of prime farmland…” At the end of
last week, 130 fires were burning and 50 were uncontained, according to the <i>BBC</i>.
The damage could mark the end Australia’s nearly 30-year economic expansion.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Puerto
Rico was shaken by a 5.9 magnitude earthquake. The quake followed a magnitude
6.4 quake that hit the same region four days earlier, reported the<i>
Associated Press</i>. Since December 28, the region has been hit by, “…more
than 1,280 earthquakes, of which more than 100 were felt and more than 70 were
of magnitude 3.5 or greater.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">On
Friday, a tepid U.S. employment report cooled U.S. stock returns. However, <i>Barron’s</i>
reported all three major U.S. indices closed, “within a half-percentage point
of their highest-ever closes.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "Times New Roman",serif; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-themecolor: text1;"><br clear="all" style="page-break-before: always;" />
</span>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
1/10/20<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Standard & Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.9%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.1%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">25.8%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">12.9%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">10.0%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.0%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.2<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">14.4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">6.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.4<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.9<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.8<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.3<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">20.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.0<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-0.8<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-0.2<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
1.5<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-2.4<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-4.6<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-5.5<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="color: white; font-size: 8.0pt; mso-bidi-font-size: 12.0pt; mso-color-alt: windowtext;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) and the three-, five-, and 10-year returns are annualized; and
the 10-year Treasury Note is simply the yield at the close of the day on each
of the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not
applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">More
milestones of the past decade. </span></b><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">As we mentioned last week, the period from
2010 through 2020 was filled with memorable events. We covered a few in last
week’s commentary. Here are some more: <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraph" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Gangnam Style</span></b><span style="color: black; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-themecolor: text1;">. In 2012, Korean pop music went viral with Gangnam Style. Its online
video became the first to be viewed one billion times.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Total solar eclipse</span></b><span style="color: black; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-themecolor: text1;">. For the first time since June 1918, a solar eclipse was visible across
the entire United States in August 2017. We won’t have to wait so long for the
next one. <i>Good Housekeeping</i> reported it will happen in 2024.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Economic confidence
increased</span></b><span style="color: black; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-themecolor: text1;">. In January 2010, <i>Gallup</i> reported just
9 percent of Americans said it was a good time to find a quality job. By the
end of 2019, the number had increased to 66 percent.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Bionic men, women,
and children</span></b><span style="color: black; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-themecolor: text1;">. Bionic people are no longer limited to the
realm of science fiction. Prosthetics “…are morphing into mind-controlled
extensions of the human body that let their wearers feel what they're
touching,” reported <i>CNET</i>.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Trillion-dollar stock
valuations</span></b><span style="color: black; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-themecolor: text1;">. Late in the decade, three companies in the technology
sector saw their stock valuations reach thirteen digits. Not all have remained
at that level.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Global middle class
expansion</span></b><span style="color: black; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-themecolor: text1;">. At the end of last year, about one-half of
the world belonged to the middle class, according to the <i>World Data Lab</i>.
Middle class means different things in different countries. Middle class income
ranged from $3,872 a year to $38,720 a year.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto;">
<br /></div>
<div class="MsoListParagraphCxSpLast" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">The U.S. wealth gap</span></b><span style="color: black; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-themecolor: text1;">. The <i>St. Louis Federal Reserve</i> explained the gap like this: The ‘income
pie’ in the United States grew from $7 trillion in 1989 to almost $12.9
trillion in 2016. The share of pie going to the top 10 percent of earners
increased from 42 percent to 50 percent. Lower earners’ shares shrank.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">“After many
months of reflection and internal discussions, we have chosen to make a
transition this year in starting to carve out a progressive new role within
this institution. We intend to step back as ‘senior’ members of the Royal Family
and work to become financially independent, while continuing to fully support
Her Majesty The Queen. It is with your encouragement, particularly over the
last few years, that we feel prepared to make this adjustment. We now plan to
balance our time between the United Kingdom and North America, continuing to
honor our duty to The Queen, the Commonwealth, and our patronages. This
geographic balance will enable us to raise our son with an appreciation for the
royal tradition into which he was born, while also providing our family with
the space to focus on the next chapter, including the launch of our new
charitable entity. We look forward to sharing the full details of this exciting
next step in due course, as we continue to collaborate with Her Majesty The
Queen, The Prince of Wales, The Duke of Cambridge, and all relevant parties.
Until then, please accept our deepest thanks for your continued support.”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i><span style="background: white; color: #181818; font-size: 12.0pt;">--The Duke and Duchess of Sussex<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "Edwardian Script ITC"; font-size: 26.0pt; mso-themecolor: accent1;">Leif
M. Hagen</span></b><span style="color: red; font-size: 12.0pt;"><br />
</span><span style="font-size: 12.0pt;">Leif M. Hagen, CLU ChFC<br />
LPL Financial Advisor<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK6RtUErNTTGGsnS7tRsv_oMbrB5MgrU_DYiPj8BBR0zPGpiLmiaIkjNQmpCLpyXvXrIss2dQlV9HkyJ8zJ3IoNbkPM9FnDg_D4_JY-nYh2S_jWqidz24H8M-mdwuOOlScoRkTSRYBDTs_/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK6RtUErNTTGGsnS7tRsv_oMbrB5MgrU_DYiPj8BBR0zPGpiLmiaIkjNQmpCLpyXvXrIss2dQlV9HkyJ8zJ3IoNbkPM9FnDg_D4_JY-nYh2S_jWqidz24H8M-mdwuOOlScoRkTSRYBDTs_/s320/OfficeTeamPhoto.jpg" width="320" /></a></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week,” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network, Inc.;
4640 Nicols Road – Suite 203; Eagan, MN 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.newsweek.com/military-aircraft-runway-among-damage-iraqi-base-struck-iran-missiles-1481129"><span style="font-size: 11.0pt;">https://www.newsweek.com/military-aircraft-runway-among-damage-iraqi-base-struck-iran-missiles-1481129</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.cbsnews.com/live-updates/iran-plane-military-unintentionally-shot-down-jetliner-2020-01-11/"><span style="font-size: 11.0pt;">https://www.cbsnews.com/live-updates/iran-plane-military-unintentionally-shot-down-jetliner-2020-01-11/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.barrons.com/articles/the-dow-jones-industrial-average-rises-189-points-for-the-week-despite-mideast-tensions-51578705947?mod=hp_DAY_4"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/the-dow-jones-industrial-average-rises-189-points-for-the-week-despite-mideast-tensions-51578705947?mod=hp_DAY_4</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-13-20_Barrons-The_Dow_Rises_189_Points_for_the_Week_Despite_Mideast_Tensions-Footnote_3.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-13-20_Barrons-The_Dow_Rises_189_Points_for_the_Week_Despite_Mideast_Tensions-Footnote_3.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.barrons.com/market-data?mod=BOL_TOPNAV"><span style="font-size: 11.0pt;">https://www.barrons.com/market-data?mod=BOL_TOPNAV</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">(Overview chart) (<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-13-20_Barrons-Overview_Market_Data-Footnote_4.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-13-20_Barrons-Overview_Market_Data-Footnote_4.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.barrons.com/market-data?mod=BOL_TOPNAV"><span style="font-size: 11.0pt;">https://www.barrons.com/market-data?mod=BOL_TOPNAV</span></a><span style="font-size: 11.0pt;"> <span class="MsoHyperlink"><span style="color: black; mso-themecolor: text1;">(Bonds chart) (<i>or go to</i> </span></span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-13-20_Barrons-Bonds_Market_Data-Footnote_5.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-13-20_Barrons-Bonds_Market_Data-Footnote_5.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.ft.com/content/3eaf8fe8-3334-11ea-9703-eea0cae3f0de"><span style="font-size: 11.0pt;">https://www.ft.com/content/3eaf8fe8-3334-11ea-9703-eea0cae3f0de</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;"> (<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-13-20_FinancialTimes-Bond_Funds_had_Record_Inflow_as_Iran_Crisis_Spiralled-Footnote_6.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-13-20_FinancialTimes-Bond_Funds_had_Record_Inflow_as_Iran_Crisis_Spiralled-Footnote_6.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.npr.org/2020/01/12/795235653/australias-massive-fires-threaten-to-slow-decades-long-economic-boom"><span style="font-size: 11.0pt;">https://www.npr.org/2020/01/12/795235653/australias-massive-fires-threaten-to-slow-decades-long-economic-boom</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.bbc.com/news/world-australia-50951043"><span style="font-size: 11.0pt;">https://www.bbc.com/news/world-australia-50951043</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://apnews.com/fd6b234395379a876bddc74e1b882d43"><span style="font-size: 11.0pt;">https://apnews.com/fd6b234395379a876bddc74e1b882d43</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://en.wikipedia.org/wiki/Gangnam_Style"><span style="font-size: 11.0pt;">https://en.wikipedia.org/wiki/Gangnam_Style</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.goodhousekeeping.com/life/g29729623/things-you-forgot-happened-this-decade-2010-to-2019/?slide=25"><span style="font-size: 11.0pt;">https://www.goodhousekeeping.com/life/g29729623/things-you-forgot-happened-this-decade-2010-to-2019/?slide=25</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://news.gallup.com/opinion/gallup/273377/gallup-decade-review-2010-2019.aspx"><span style="font-size: 11.0pt;">https://news.gallup.com/opinion/gallup/273377/gallup-decade-review-2010-2019.aspx</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.cnet.com/news/prosthetic-hands-get-a-sense-of-touch/"><span style="font-size: 11.0pt;">https://www.cnet.com/news/prosthetic-hands-get-a-sense-of-touch/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.barrons.com/articles/amazon-stock-parts-1-trillion-market-cap-51570474138"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/amazon-stock-parts-1-trillion-market-cap-51570474138</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://worlddata.io/blog/emerging-trends-in-the-global-middle-class-a-private-conversation-with-dr-homi-kharas"><span style="font-size: 11.0pt;">https://worlddata.io/blog/emerging-trends-in-the-global-middle-class-a-private-conversation-with-dr-homi-kharas</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.stlouisfed.org/open-vault/2019/august/wealth-inequality-in-america-facts-figures"><span style="font-size: 11.0pt;">https://www.stlouisfed.org/open-vault/2019/august/wealth-inequality-in-america-facts-figures</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.instagram.com/p/B7EaGS_Jpb9/?hl=en"><span style="font-size: 11.0pt;">https://www.instagram.com/p/B7EaGS_Jpb9/?hl=en</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-13-20_Instagram_Post-Duke_and_Duchess_of_Sussex_Announcement-Footnote_17.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-13-20_Instagram_Post-Duke_and_Duchess_of_Sussex_Announcement-Footnote_17.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="background: whitesmoke; color: #111111; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";">Photo by </span><a href="https://unsplash.com/@nipawinnews?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; widows: 2; word-spacing: 0px;"><span style="background: whitesmoke; color: #767676; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";">Joanne
Francis</span></a><span style="background: whitesmoke; color: #111111; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";"><span style="-webkit-text-stroke-width: 0px; float: none; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; widows: 2; word-spacing: 0px;"> on </span></span><a href="https://unsplash.com/s/photos/wildfire?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; widows: 2; word-spacing: 0px;"><span style="background: whitesmoke; color: #767676; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";">Unsplash</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.comtag:blogger.com,1999:blog-5614622820149022815.post-35405245462462493792020-01-06T11:17:00.004-06:002020-01-16T10:46:47.746-06:00All eyes on Iran<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGprN7G0baajVKpQjcygDjKezxk3T2fmqJL8fwfJgDG6LMCWgUN2_yk7vva-r7j98Iev1R-z_r0Z1O86qZ2djwHn0QrcG6minj10MMJ7UMBDW09A2naqmTurPcvoENlfu6VQp4fLfBBt8q/s1600/frank-busch-PzifgmBsxCc-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1003" data-original-width="1600" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGprN7G0baajVKpQjcygDjKezxk3T2fmqJL8fwfJgDG6LMCWgUN2_yk7vva-r7j98Iev1R-z_r0Z1O86qZ2djwHn0QrcG6minj10MMJ7UMBDW09A2naqmTurPcvoENlfu6VQp4fLfBBt8q/s400/frank-busch-PzifgmBsxCc-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">
Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">January 6, 2020<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">About
face!<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">2019
was a remarkable year for investors with many asset classes delivering positive
performance. Both the Standard & Poor’s 500 Index, a gauge of U.S. stock market
performance, and the Dow Jones Global (ex U.S.) Index delivered double-digit increases
(see the below table). Bonds and gold rallied, too, delivering positive returns
for the year.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Possibly
the most important factor contributing to asset performance in 2019 was an
‘about face’ by the United States Federal Reserve. <i>Axios</i> reported:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 34.2pt; margin-top: 0in;">
<span style="font-size: 12.0pt;">“The
Fed’s 180-degree turn was the story of 2019, asset managers and market analysts
say…Chairman Jerome Powell and the U.S. central bank went from raising interest
rates for a fourth time at the close of 2018 and giving market watchers the
explicit expectation this would continue in 2019, to doing the opposite. The
Fed cut rates thrice and even began re-padding its balance sheet in the last
quarter of the year, bringing it back above $4 trillion.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">The
Fed’s policy decision gave investment markets a boost, however, it did little
to quell investors’ worries about potential recession and the impact of the U.S.-China
trade war, reported <i>The Wall Street Journal</i>. As a result, investors moved
money from U.S. stock markets into bonds and other investments they perceived
to be safer throughout the year.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">During
the fourth quarter of 2019, U.S. markets delivered positive returns despite
uncertainty about the strength of the U.S. economy created by inconsistent
economic data. For example, the last jobs report of the year indicated
unemployment remained near a 50-year low. Yet, in 2019, workers experienced the
highest number of layoffs in a decade.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Many
layoffs during the year were the result of corporate bankruptcies, especially
in the retail sector. Investors who took time to evaluate the juxtaposition of
unemployment levels and layoffs may have recognized disruptions in the retail sector
has potential to create opportunities for investors.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">A
closely watched indicator during 2019 was manufacturing. In December, <i>Fox
News</i> reported, “The ISM Manufacturing Index fell for the fifth month in a
row to 47.2 in December, down from November's reading of 48.1. That's the
weakest reading since June 2009, when it hit 46.3, and well below the 49
reading that economists surveyed by Reuters expected.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">One
of the reasons for weakness in manufacturing is the U.S.-China trade war. Late
in the fourth quarter, concerns about trade subsided after the announcement of
a phase one trade deal. The agreement is scheduled to be signed on January 15,
2020.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Continued
progress in resolving the trade war could help boost economic growth in the
United States. At the end of 2019, United States gross domestic product, the
value of all goods and services produced in the country, was expected to remain
slow and steady during 2020. However, forecasters at the <i>Federal Reserve
Bank of Philadelphia</i> expected the economies of nine states to contract
during the first six months of the new year.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">From
a geopolitical perspective, the 2020s are beginning just like the last decade
did, with all eyes on Iran. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">In
2009 and 2010, the Iranian Green Revolution captured the world’s attention as
social media provided insight to post-election turbulence and unrest in Iran.
Last week, the first of the new decade, all eyes were again on the Middle East as
tensions between the United States and Iran flared after the death of a top
Iranian military leader targeted by the United States.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">After
rallying on the first day of the new decade, some major U.S. stock markets
declined on news of heightened tensions in the Middle East and concerns about the
potential consequences, such as the disruption of oil supplies.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "times new roman" , serif; font-size: 10.0pt;"><br clear="all" style="page-break-before: always;" />
</span>
<br />
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
1/3/20<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Standard & Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">-0.2%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.1%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">32.2%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">12.7%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.9%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.1%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.2<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.4<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">19.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">7.4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.6<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.0<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.3<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.7<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">20.0<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">10.4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">5.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.3<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
0.0<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
0.6<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
5.1<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-1.9<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-4.8<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-5.4<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="color: white; font-size: 8.0pt;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) and the three-, five-, and 10-year returns are annualized; and
the 10-year Treasury Note is simply the yield at the close of the day on each
of the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">what
a decade! </span></b><span style="color: black; font-size: 12.0pt;">While some have called the 2010s a ‘lost decade’ because there was
little economic growth, we disagree with the assessment. The decade was filled
with remarkable events in politics, sports, science, pop culture, and other
areas of interest. Here are a few memorable events from the past decade:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraph" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt;">NASA’s Voyager 1 probe
left the solar system</span></b><span style="color: black; font-size: 12.0pt;">. Launched in 1977 to explore
planets including Jupiter, Saturn, Uranus, and Neptune, the probe left our
solar system in 2013. It will continue to send data until 2025.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraph" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt;">The Patient
Protection and Affordable Care Act was signed into law</span></b><span style="color: black; font-size: 12.0pt;">. The controversial law, which <i>Encyclopedia Britannica</i> reported,
“required most individuals to secure health insurance or pay fines, made
coverage easier and less costly to obtain, cracked down on abusive insurance
practices, and attempted to rein in the rising costs of health care,” remains
under challenge in American courts.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraph" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt;">eSports became an
industry</span></b><span style="color: black; font-size: 12.0pt;">. To the delight of people who would prefer to
spend their time gaming, online games became a recognized form of sports
competition, complete with news coverage and multimillion-dollar prize money.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraph" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt;">Civil and social
movements changed thinking</span></b><span style="color: black; font-size: 12.0pt;">. There were pro-democracy protests
in the Middle East (Arab Spring), and social movements in the United States
(Occupy, Black Lives Matter, Blue Lives Matter, and MeToo, among others). <i>MIT</i>
explained, “…a successful movement can change how we think and talk about key
social issues.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraph" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt;">The Higgs Boson
particle was found</span></b><span style="color: black; font-size: 12.0pt;">. Any fan of the television
show, <i>The Big Bang Theory</i>, will know exactly how much this meant to
Sheldon Cooper. The television show’s popularity was also a phenomenon of the
last decade.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt;">Carli Lloyd scored
the fastest hat trick in World Cup soccer</span></b><span style="color: black; font-size: 12.0pt;">.</span><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt;"> </span></b><span style="color: black; font-size: 12.0pt;">Carli Lloyd scored a hat trick
– three goals – in 13 minutes for the U.S. women’s national team during the
World Cup final against Japan in 2015. She also played on the team that won the
2019 Women’s World Cup.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto;">
<br /></div>
<div class="MsoListParagraphCxSpLast" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt;">Hurricanes,
earthquakes, and storms wrought destruction</span></b><span style="color: black; font-size: 12.0pt;">. Countries
around the world were pummeled by storms during the decade. Hurricanes and
tropical storms like Irene, Sandy, Harvey, Irma, Michael, Dorian, and Maria did
significant damage in the United States and its territories. One of the most memorable
was the Great Japanese earthquake and tsunami that preceded the Fukushima
Daiichi nuclear accident.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraph" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt;">The Chicago Cubs broke
the curse</span></b><span style="color: black; font-size: 12.0pt;">. Advised by their manager to go out there
and, “Try not to suck,” the Cubs won the World Series for the first time since
1908.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: -1.8pt; margin-top: 0in;">
<br /></div>
<div class="MsoListParagraph" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt;">Entertainment took a
turn toward streaming</span></b><span style="color: black; font-size: 12.0pt;">. <i>Deadline Hollywood</i>
reported, “It is impossible to find a corner of the industry that has not been
reshaped by streaming, from the pay TV ecosystem and movie exhibition to labor
negotiations and talent deals.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 12.0pt;">The 2010s provided
disruptions and delights. Let’s hope the events of the coming decade will make
the world a better place.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">“It's the
action, not the fruit of the action, that's important. You have to do the right
thing. It may not be in your power, may not be in your time, that there'll be
any fruit. But, that doesn't mean you stop doing the right thing. You may never
know what results come from your action. But, if you do nothing, there will be
no result.” <o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i><span style="background: white; color: #181818; font-size: 12.0pt;">--Mahatma Gandhi, Lawyer, politician, social
activist<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "edwardian script itc"; font-size: 26.0pt;">Leif M.
Hagen</span></b><span style="color: red; font-size: 12.0pt;"><br />
</span><span style="font-size: 12.0pt;">Leif M. Hagen, CLU, ChFC<br />
LPL Financial Advisor<span style="color: red;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br />
<div class="separator" style="clear: both; text-align: center;">
</div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMFVMNOaTwBuXA9uGgetUbvFog44Q8FQFHPDvXqahtXg3Y3wXBYTX523h-u4ZLE1v62slKqcVIQ4xhgZA42SERlNgxeozEwBOLrcLLk5SLXsW3dv4vmH_WRx96kamvOM3hdV6u2hDa6c6A/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMFVMNOaTwBuXA9uGgetUbvFog44Q8FQFHPDvXqahtXg3Y3wXBYTX523h-u4ZLE1v62slKqcVIQ4xhgZA42SERlNgxeozEwBOLrcLLk5SLXsW3dv4vmH_WRx96kamvOM3hdV6u2hDa6c6A/s320/OfficeTeamPhoto.jpg" width="320" /></a></div>
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week,” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network,
LLC.; 4640 Nicols Rd – Suite 203; Eagan, MN; 55122<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.axios.com/jerome-powell-interest-rates-2019-73b78462-04f8-4f77-8aff-eee25f35f803.html"><span style="font-size: 11.0pt;">https://www.axios.com/jerome-powell-interest-rates-2019-73b78462-04f8-4f77-8aff-eee25f35f803.html</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.wsj.com/articles/investors-bail-on-stock-market-rally-fleeing-funds-at-record-pace-11575801002"><span style="font-size: 11.0pt;">https://www.wsj.com/articles/investors-bail-on-stock-market-rally-fleeing-funds-at-record-pace-11575801002</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-06-20_WSJ-Investors_Bail_on_Stock_Market_Rally_Fleeing_Funds_at_Record_Pace-Footnote_2.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-06-20_WSJ-Investors_Bail_on_Stock_Market_Rally_Fleeing_Funds_at_Record_Pace-Footnote_2.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.philadelphiafed.org/-/media/research-and-data/regional-economy/indexes/leading/2019/leadingindexes1119.pdf?la=en"><span style="font-size: 11.0pt;">https://www.philadelphiafed.org/-/media/research-and-data/regional-economy/indexes/leading/2019/leadingindexes1119.pdf?la=en</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.foxbusiness.com/markets/us-manufacturing-sector-contracts-for-sixth-month-in-a-row"><span style="font-size: 11.0pt;">https://www.foxbusiness.com/markets/us-manufacturing-sector-contracts-for-sixth-month-in-a-row</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.lawfareblog.com/us-and-china-strike-phase-one-trade-agreement-washington-steps-efforts-block-chinese-tech-amidst"><span style="font-size: 11.0pt;">https://www.lawfareblog.com/us-and-china-strike-phase-one-trade-agreement-washington-steps-efforts-block-chinese-tech-amidst</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.axios.com/growing-economic-divide-between-two-americas-d1d94b84-f1fb-4a37-9444-76aab1ad8ad9.html"><span style="font-size: 11.0pt;">https://www.axios.com/growing-economic-divide-between-two-americas-d1d94b84-f1fb-4a37-9444-76aab1ad8ad9.html</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://en.wikipedia.org/wiki/Twitter_Revolution"><span style="font-size: 11.0pt;">https://en.wikipedia.org/wiki/Twitter_Revolution</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.reuters.com/article/us-iraq-security-soleimani-insight/inside-the-plot-by-irans-soleimani-to-attack-us-forces-in-iraq-idUSKBN1Z301Z"><span style="font-size: 11.0pt;">https://www.reuters.com/article/us-iraq-security-soleimani-insight/inside-the-plot-by-irans-soleimani-to-attack-us-forces-in-iraq-idUSKBN1Z301Z</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.barrons.com/articles/dow-jones-industrial-average-finds-reason-to-drop-after-u-s-air-strike-on-iran-51578105152?mod=hp_DAY_6"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/dow-jones-industrial-average-finds-reason-to-drop-after-u-s-air-strike-on-iran-51578105152?mod=hp_DAY_6</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-06-20_Barrons-The_Dow_was_Waiting_for_a_Reason_to_Drop_The_US_Air_Strike_Supplied_It-Footnote_9.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/01-06-20_Barrons-The_Dow_was_Waiting_for_a_Reason_to_Drop_The_US_Air_Strike_Supplied_It-Footnote_9.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.bbc.com/news/business-14536235"><span style="font-size: 11.0pt;">https://www.bbc.com/news/business-14536235</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.livescience.com/biggest-science-of-the-decade.html"><span style="font-size: 11.0pt;">https://www.livescience.com/biggest-science-of-the-decade.html</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.britannica.com/topic/Patient-Protection-and-Affordable-Care-Act"><span style="font-size: 11.0pt;">https://www.britannica.com/topic/Patient-Protection-and-Affordable-Care-Act</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.espn.com/esports/story/_/id/28240009/2019-espn-esports-awards"><span style="font-size: 11.0pt;">https://www.espn.com/esports/story/_/id/28240009/2019-espn-esports-awards</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.history.com/topics/middle-east/arab-spring"><span style="font-size: 11.0pt;">https://www.history.com/topics/middle-east/arab-spring</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://civic.mit.edu/2019/10/02/whose-deaths-matter-new-research-on-black-lives-matter-and-media-attention/"><span style="font-size: 11.0pt;">https://civic.mit.edu/2019/10/02/whose-deaths-matter-new-research-on-black-lives-matter-and-media-attention/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.vulture.com/2014/05/big-bang-theory-ratings.html"><span style="font-size: 11.0pt;">https://www.vulture.com/2014/05/big-bang-theory-ratings.html</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://thesefootballtimes.co/2018/11/26/carli-lloyd-and-the-unforgettable-13-minute-world-cup-final-hat-trick/"><span style="font-size: 11.0pt;">https://thesefootballtimes.co/2018/11/26/carli-lloyd-and-the-unforgettable-13-minute-world-cup-final-hat-trick/</span></a><span style="font-size: 11.0pt;"> <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://time.com/5620124/team-usa-womens-world-cup-final/"><span style="font-size: 11.0pt;">https://time.com/5620124/team-usa-womens-world-cup-final/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.usatoday.com/story/news/nation/2019/12/02/hurricanes-2010-recap-dorian-irma-looking-ahead-2020/2586653001/"><span style="font-size: 11.0pt;">https://www.usatoday.com/story/news/nation/2019/12/02/hurricanes-2010-recap-dorian-irma-looking-ahead-2020/2586653001/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.world-nuclear.org/information-library/safety-and-security/safety-of-plants/fukushima-accident.aspx"><span style="font-size: 11.0pt;">https://www.world-nuclear.org/information-library/safety-and-security/safety-of-plants/fukushima-accident.aspx</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.si.com/mlb/2016/11/02/joe-maddon-chicago-cubs-world-series-maddonisms-best-quotes"><span style="font-size: 11.0pt;">https://www.si.com/mlb/2016/11/02/joe-maddon-chicago-cubs-world-series-maddonisms-best-quotes</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://deadline.com/2019/12/streaming-hollywood-disruptor-decade-netflix-amazon-disney-2020-outlook-1202817648/"><span style="font-size: 11.0pt;">https://deadline.com/2019/12/streaming-hollywood-disruptor-decade-netflix-amazon-disney-2020-outlook-1202817648/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.goodreads.com/quotes/tag/make-a-difference"><span style="font-size: 11.0pt;">https://www.goodreads.com/quotes/tag/make-a-difference</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd #203, Eagan, MN 55122, USA44.78849 -93.21710621.773140500000004 -134.5257 67.803839500000009 -51.908512tag:blogger.com,1999:blog-5614622820149022815.post-3659158939677900192019-12-31T09:05:00.000-06:002020-01-16T10:51:30.008-06:00Resolutions You Can Keep<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIeDQIhV9VJWAep79hpRQi2plxXk4M7qIadZYRdiirlWR5kfBPC14dJud-m0qDJ5kYt8d1HNdU9gJtpRP_qebWpZkNYqeP671SMfIbxduMO1Ack8YVC2XiuJaapBi5No2H9mYT49x-v7Gq/s1600/glitter-and-new-years-flatlay.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1068" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIeDQIhV9VJWAep79hpRQi2plxXk4M7qIadZYRdiirlWR5kfBPC14dJud-m0qDJ5kYt8d1HNdU9gJtpRP_qebWpZkNYqeP671SMfIbxduMO1Ack8YVC2XiuJaapBi5No2H9mYT49x-v7Gq/s400/glitter-and-new-years-flatlay.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #4472c4; font-size: 26.0pt;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">New
Year's Eve Commentary<br />
December 31, 2019</span></b><span style="color: black; font-size: 13.5pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<o:p><br /></o:p></div>
<div class="MsoNormal">
<o:p><b><span style="font-family: "arial" , sans-serif; font-size: 12.0pt; line-height: 115%;">Resolutions You Can
Keep</span></b></o:p></div>
<div class="MsoNormal">
<o:p><b><span style="font-family: "arial" , sans-serif; font-size: 12.0pt; line-height: 115%;"><br /></span></b></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: "arial" , sans-serif; font-size: 12.0pt;">New
Year’s resolutions are promises we make to ourselves. It’s old news many people
fail to keep those promises. This year, make a resolution or two you can keep.
Here are a few ideas:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo1;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "arial" , sans-serif; font-size: 12.0pt;">Connect with
people</span></b><span style="font-family: "arial" , sans-serif; font-size: 12.0pt;">
without using social media. No texting. No tweeting. No Facebook. Make
person-to-person or voice-to-voice contact. You can invite your parents,
children, or siblings to lunch. Social contact, live and in-person,
“improves psychological well-being, happiness, and is even linked to
greater health and longevity.”<sup>1</sup><o:p></o:p></span></li>
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo1;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "arial" , sans-serif; font-size: 12.0pt;">Encourage empathy.</span></b><span style="font-family: "arial" , sans-serif; font-size: 12.0pt;"> There has been a
decline in empathy (the ability to understand and share another’s
feelings)<sup>2</sup> since the 1980s, according to new research. That
change has been accompanied by a rise in narcissism (self-absorption and
an exaggerated sense of self-importance).<sup>3</sup> Two ways to
encourage empathy are to read for pleasure and to read to young children.<sup>4</sup><o:p></o:p></span></li>
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo1;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "arial" , sans-serif; font-size: 12.0pt;">Engage in your
community.</span></b><span style="font-family: "arial" , sans-serif; font-size: 12.0pt;">
Get out there and help get something done. Use your special talents to
help improve the lives of others. Better yet, get your whole family
involved. You’ll be helping to improve your community while teaching your
children the importance of giving back. <o:p></o:p></span></li>
</ul>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: "arial" , sans-serif; font-size: 12.0pt;">These can
be ambitious and achievable resolutions – and you have 12 months to accomplish
one or more of them! <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: "arial" , sans-serif; font-size: 12.0pt;">Here’s
our promise to you: no matter what specific resolutions you make for 2020,
we’re here to ensure you have the information and support your need to make
sound financial decisions. The only thing left to do is determine what those
resolutions are!<i style="mso-bidi-font-style: normal;"><span style="color: red;"><o:p></o:p></span></i></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Best wishes for a Happy 2020!<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="color: #0070c0; font-family: "edwardian script itc"; font-size: 26.0pt;">Leif
M. Hagen</span></b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br />
Leif M. Hagen, CLU ChFC<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">LPL Financial Advisor <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDqhToOnKxHiM18xO8VbEctq0ZiArSZPwnGJXA2YorvmeAsb9K5drGEIQd27VUlfW8blNHqF9wJppPmsS6BnmstNvF7wUqsiaDSmFTA5qmsJKYIc-pw97s_L1DbZUWxKWzQvS0hcvTKjuh/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDqhToOnKxHiM18xO8VbEctq0ZiArSZPwnGJXA2YorvmeAsb9K5drGEIQd27VUlfW8blNHqF9wJppPmsS6BnmstNvF7wUqsiaDSmFTA5qmsJKYIc-pw97s_L1DbZUWxKWzQvS0hcvTKjuh/s200/OfficeTeamPhoto.jpg" width="200" /></a></div>
<br />
<br />
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: "arial" , sans-serif; font-size: 10.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: "arial" , sans-serif; font-size: 10.0pt;">1 </span><a href="http://www.forbes.com/sites/alicegwalton/2013/12/30/8-simple-ways-to-be-kinder-to-yourself-in-the-new-year/"><span style="font-family: "arial" , sans-serif; font-size: 10.0pt;">http://www.forbes.com/sites/alicegwalton/2013/12/30/8-simple-ways-to-be-kinder-to-yourself-in-the-new-year/</span></a><span style="font-family: "arial" , sans-serif; font-size: 10.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: "arial" , sans-serif; font-size: 10.0pt;">2 </span><a href="http://www.merriam-webster.com/dictionary/empathy"><span style="font-family: "arial" , sans-serif; font-size: 10.0pt;">http://www.merriam-webster.com/dictionary/empathy</span></a><span style="font-family: "arial" , sans-serif; font-size: 10.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: "arial" , sans-serif; font-size: 10.0pt;">3 </span><a href="http://www.merriam-webster.com/dictionary/narcissism"><span style="font-family: "arial" , sans-serif; font-size: 10.0pt;">http://www.merriam-webster.com/dictionary/narcissism</span></a><span style="font-family: "arial" , sans-serif; font-size: 10.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: "arial" , sans-serif; font-size: 10.0pt;">4 </span><a href="http://www.scientificamerican.com/article/what-me-care/"><span style="font-family: "arial" , sans-serif; font-size: 10.0pt;">http://www.scientificamerican.com/article/what-me-care/</span></a><span style="font-family: "arial" , sans-serif; font-size: 10.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l1 level1 lfo2; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "wingdings"; font-size: 10.0pt;"><span style="mso-list: Ignore;">v<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "arial" , sans-serif; font-size: 10.0pt;">The
above material was prepared by Carson Coaching.<br />
</span><span style="background: #141414; color: white; font-family: "helvetica" , sans-serif;">Photo by </span><a href="https://burst.shopify.com/@ndekhors?utm_campaign=photo_credit&utm_content=Free+Glitter+And+New+Years+Flatlay+Photo+%E2%80%94+High+Res+Pictures&utm_medium=referral&utm_source=credit" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; cursor: pointer; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; touch-action: manipulation; widows: 2; word-spacing: 0px;"><span style="background: #141414; color: white; font-family: "helvetica" , sans-serif;">Nicole De Khors</span></a><span style="background: #141414; color: white; font-family: "helvetica" , sans-serif;"><span style="-webkit-text-stroke-width: 0px; float: none; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-decoration-color: initial; text-decoration-style: initial; widows: 2; word-spacing: 0px;"> from </span></span><a href="https://burst.shopify.com/gold?utm_campaign=photo_credit&utm_content=Free+Glitter+And+New+Years+Flatlay+Photo+%E2%80%94+High+Res+Pictures&utm_medium=referral&utm_source=credit" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; cursor: pointer; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; touch-action: manipulation; widows: 2; word-spacing: 0px;"><span style="background: #141414; color: white; font-family: "helvetica" , sans-serif;">Burst</span></a><span style="font-family: "arial" , sans-serif; font-size: 10.0pt;"><o:p></o:p></span></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd #203, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395tag:blogger.com,1999:blog-5614622820149022815.post-48429246874972960362019-12-30T11:30:00.001-06:002020-01-16T10:52:23.087-06:00Exceptional returns in 2019!<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxbBG1gnv07z4Pbn_y5ZeTyNs_re70lMPOxWgjnoiUgQH4y_HKccfKmbutm_AyESO2IUUsp7-bp0GdNVJ-EDJOE7tFoBw1uPGL0aIOGsWipnMd4pONvMMewogZwC2whso067dQY_mUAPGE/s1600/levi-guzman-zdSoe8za6Hs-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxbBG1gnv07z4Pbn_y5ZeTyNs_re70lMPOxWgjnoiUgQH4y_HKccfKmbutm_AyESO2IUUsp7-bp0GdNVJ-EDJOE7tFoBw1uPGL0aIOGsWipnMd4pONvMMewogZwC2whso067dQY_mUAPGE/s400/levi-guzman-zdSoe8za6Hs-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt; mso-themecolor: accent1;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">December 30, 2019<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets</span></b><span style="color: #00b050; mso-bidi-font-weight: bold;"> </span><b><span style="color: #00b050; font-size: 14.0pt;"><o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">2019
will be a hard act to follow.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Investors
may find themselves reluctant to ring out the old and ring in the new this
week. During 2019, stock and bond markets delivered exceptional returns. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Ben
Levisohn of <i>Barron’s</i> reported the Dow Jones Industrial Average was up 23
percent at the end of last week, the Standard & Poor’s (S&P) 500 Index
had gained 29 percent, and the Nasdaq Composite was up 36 percent.<span style="mso-spacerun: yes;"> </span>The S&P 500 and Dow both closed at
all-time highs.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Bond
indices showed gains in the United States and around the world. The Bloomberg Barclays
U.S. Aggregate Total Return Index was up 8.87 percent at the end of last week.
Its global counterpart, the Bloomberg Barclays Global Aggregate Total Return
Index, was up 6.63 percent for the same period.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">After
a year like 2019, when stock indices delivered exceptional returns, investors’
perceptions about their appetite for risk can change. Great market performance
has a way of persuading people their tolerance for risk is higher than it has
been in the past. The phenomenon has something to do with recency bias, which
is a tendency to remember and weight recent events more heavily than past
events.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">In
other words, during bull markets some people tend to forget about bear markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">2019
was a wonderful year, but not every year will be like 2019. At the end of last
week, the average annual return for the S&P 500 Index over the last 60
years, with dividends reinvested, was about 9.5 percent.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">The
fact that 2020 may not be like 2019 does not mean it’s time to sell. Successful
financial plans and investment strategies should include well-diversified
portfolios that are grounded in the investor’s life and financial goals. Every
strategy and portfolio should be reviewed periodically and modified when goals
have changed, a major life event has occurred, or the investor’s risk tolerance
has changed. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">If
you would like to talk about your strategy and review your portfolio
allocations, give us a call. We’d like to hear from you.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "Times New Roman",serif; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-themecolor: text1;"><br clear="all" style="page-break-before: always;" />
</span>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
12/27/19<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Standard & Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.6%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">29.3%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">30.2%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">12.6%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.2%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.1%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">18.6<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">20.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">7.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.8<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.9<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.8<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.2<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">17.9<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">19.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">10.0<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">5.0<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.2<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
1.2<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
6.0<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
4.6<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-2.4<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-5.2<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-5.3<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="color: white; font-size: 8.0pt; mso-bidi-font-size: 12.0pt; mso-color-alt: windowtext;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) and the three-, five-, and 10-year returns are annualized; and
the 10-year Treasury Note is simply the yield at the close of the day on each
of the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not
applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">The
holidays are almost over. </span></b><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Ahh, the season of good cheer and regifting is coming to
an end. Before we head into 2020, the <i>Ohio Department of Transportation</i>
deserves a holiday salute for promoting safe driving with holiday humor. About
130 highway message boards across the state offered communications like these:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Life is fra-gee-lay. Drive safe.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Stay to the right. Santa needs the left lane tonight.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">If your relatives make you drink, don’t drive.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Can I refill your eggnog, Eddie? <span style="mso-spacerun: yes;"> </span>-- Clark<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Deck the halls/ No phone calls/ Fa la la la la<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Drop the phone. We triple dog dare you.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">“I hope
that in this year to come, you make mistakes.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">Because if
you are making mistakes, then you are making new things, trying new things,
learning, living, pushing yourself, changing yourself, changing your world.
You're doing things you've never done before, and, more importantly, you're doing
something.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">So that's
my wish for you, and all of us, and my wish for myself. Make new mistakes. Make
glorious, amazing mistakes. Make mistakes nobody's ever made before. Don't
freeze, don't stop, don't worry that it isn't good enough, or it isn't perfect,
whatever it is: art, or love, or work, or family, or life.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">Whatever it
is you're scared of doing, do it.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">Make your
mistakes, next year and forever.”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i><span style="background: white; color: #181818; font-size: 12.0pt;">--Neil Gaiman, Author<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "Edwardian Script ITC"; font-size: 26.0pt; mso-themecolor: accent1;">Leif
M. Hagen<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Leif
M. Hagen, CLU, ChFC<br />
LPL Financial Advisor<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0Xto4-p_h3hXdweKSc3ncgeOXqVUsqUMytG7BHGupUv2IhqODNDmRQA_Gi2w6gvab_u9TZ-kfFnxxbHbKBMpNoupJq0heRvzDaocArOTE1Bwgkf6dSEHrCA2Yj3P3jPmCdKjUyDyMpJO7/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0Xto4-p_h3hXdweKSc3ncgeOXqVUsqUMytG7BHGupUv2IhqODNDmRQA_Gi2w6gvab_u9TZ-kfFnxxbHbKBMpNoupJq0heRvzDaocArOTE1Bwgkf6dSEHrCA2Yj3P3jPmCdKjUyDyMpJO7/s320/OfficeTeamPhoto.jpg" width="320" /></a></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network,
LLC.; 4640 Nicols Road – Suite 203; Eagan, MN, 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.barrons.com/articles/dow-jones-industrial-average-closes-at-record-high-good-luck-next-year-51577491993?mod=hp_DAY_3"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/dow-jones-industrial-average-closes-at-record-high-good-luck-next-year-51577491993?mod=hp_DAY_3</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;"> (<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-30-19_Barrons-The_Dow_is_Closing_Out_2019_with_a_Bang-Good_Luck_in_2020-Footnote_1.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-30-19_Barrons-The_Dow_is_Closing_Out_2019_with_a_Bang-Good_Luck_in_2020-Footnote_1.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.bloomberg.com/quote/LBUSTRUU:IND"><span style="font-size: 11.0pt;">https://www.bloomberg.com/quote/LBUSTRUU:IND</span></a><span style="font-size: 11.0pt;"> (<i>or go to</i> </span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-30-19_Bloomberg-US_Aggregate_Total_Return_Value_Unhedged_USD-Footnote_2.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-30-19_Bloomberg-US_Aggregate_Total_Return_Value_Unhedged_USD-Footnote_2.pdf</span></a><span style="font-size: 11.0pt;">)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.bloomberg.com/quote/LEGATRUU:IND"><span style="font-size: 11.0pt;">https://www.bloomberg.com/quote/LEGATRUU:IND</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-30-19_Bloomberg-Global_Aggregate_Total_Return_Index_Value_Unhedged_USD-Footnote_3.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-30-19_Bloomberg-Global_Aggregate_Total_Return_Index_Value_Unhedged_USD-Footnote_3.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://bucks.blogs.nytimes.com/2012/02/13/tomorrows-market-probably-wont-look-anything-like-today/"><span style="font-size: 11.0pt;">https://bucks.blogs.nytimes.com/2012/02/13/tomorrows-market-probably-wont-look-anything-like-today/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://dqydj.com/sp-500-historical-return-calculator/"><span style="font-size: 11.0pt;">https://dqydj.com/sp-500-historical-return-calculator/</span></a><span style="font-size: 11.0pt;"> <span style="color: black; mso-themecolor: text1;">(<i>or
go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-30-19_DQYDJ-S_and_P_500_Historical_Return_Results-Footnote_5.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-30-19_DQYDJ-S_and_P_500_Historical_Return_Results-Footnote_5.pdf</span></a><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.news5cleveland.com/news/state/santa-needs-the-left-lane-tonight-odot-promotes-safe-driving-with-holiday-inspired-signs"><span style="font-size: 11.0pt;">https://www.news5cleveland.com/news/state/santa-needs-the-left-lane-tonight-odot-promotes-safe-driving-with-holiday-inspired-signs</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="http://www.dot.state.oh.us/news/Pages/Christmas-2019-Messages.aspx"><span style="font-size: 11.0pt;">http://www.dot.state.oh.us/news/Pages/Christmas-2019-Messages.aspx</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.goodreads.com/quotes/tag/new-year"><span style="font-size: 11.0pt;">https://www.goodreads.com/quotes/tag/new-year</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd Suite 203, Eagan, MN 55122, USA44.788486 -93.2169971999999821.773135 -134.52559119999998 67.803837 -51.908403199999981tag:blogger.com,1999:blog-5614622820149022815.post-70337982553150785042019-12-23T11:18:00.001-06:002020-01-16T10:53:07.317-06:00Double-digit gains!<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwWMueP2ZvVTstePb9gtWu7Vw1lFUpBKOLLy4WRdd8j6gg0f9X7yH_8nUElQQCICDy-5GZpX18xNnXJLB3gbvauR8UpPK4p3OvzXdhu5Naolphn1wABcPxR6WEANcIJ-pwiGgCvgx7JhwQ/s1600/austin-distel-744oGeqpxPQ-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwWMueP2ZvVTstePb9gtWu7Vw1lFUpBKOLLy4WRdd8j6gg0f9X7yH_8nUElQQCICDy-5GZpX18xNnXJLB3gbvauR8UpPK4p3OvzXdhu5Naolphn1wABcPxR6WEANcIJ-pwiGgCvgx7JhwQ/s400/austin-distel-744oGeqpxPQ-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt; mso-themecolor: accent1;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">
Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">December 23, 2019<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<br /></div>
<div class="MsoNormal" style="tab-stops: 427.5pt; text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets</span></b><span style="color: #00b050; mso-bidi-font-weight: bold;"> </span><b><span style="color: #00b050; font-size: 14.0pt;"><o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Let’s hear it for 2019! <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Major stock indices in the
United States and overseas are poised to deliver double-digit gains for the
year. Even with uncertainty about Britain’s exit from the European Union (EU),
the <i style="mso-bidi-font-style: normal;">FTSE 100</i> boasted a gain of more
than 10 percent at the end of last week. That’s not bad for a year which
included (in the United States) an inverted yield curve, an earnings recession,
and a contentious trade war. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">The strong stock market
performance of 2019 owes a lot to central banks, and so does the performance of
the bond market. <i>Reuters</i> reported, <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
<span style="font-size: 12.0pt;">“…the
screeching change of direction by the world’s top central banks, led by the
Federal Reserve, which cut U.S. interest rates for the first time since the
financial crisis more than a decade earlier…fired bond markets up like a
rocket. U.S. Treasuries, the world's benchmark government IOU, have made a
whopping 9.4 percent after yields plunged as much as 120 basis points…German
Bunds – Europe's safest asset – have had their best year in five years, making
roughly 5.5% in euro terms as the European Central Bank has reversed course
too.”<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">So, what lessons should we
take from 2019? <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Perhaps, we should try to
come to terms with loss aversion. When you make an investment decision, it’s
important to consider the impact of loss aversion on your thinking. The pain
from a loss carries twice the impact of the pleasure from a gain. As a result,
fear of loss may affect investment decision making. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">2019 offered a great example.
During a year of exceptional returns, investors pulled money out of stocks at a
record pace because they were worried about recession and other issues. <i>Axios</i>
reported, <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
<span style="font-size: 12.0pt;">“Data
from the Investment Company Institute shows money has been pulled out of [stock
investments] in every month this year except January. In total, more than $130
billion has been drawn from [stock investments] in 2019, making it already the
largest year of outflows on record.” <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">When it comes to investing, uncertainty
is normal. It is part of investing. Tolerating uncertainty may help investors
earn attractive returns. As a result, our advice is to stay invested even when
uncertainty makes you nervous, even when markets are falling. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">If you have a diversified
portfolio built to help you reach your goals, stay with it, unless you risk
tolerance has changed. In 2019, pulling money out of stocks meant some investors
missed out on some exceptional returns.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "Times New Roman",serif; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-themecolor: text1;"><br clear="all" style="page-break-before: always;" />
</span>
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
12/20/19<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="mso-bidi-font-size: 12.0pt;">Standard & Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.7%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">28.5%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">30.6%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">12.4%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.2%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.2%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.9<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 13.15pt center 18.6pt left 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">17.6<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">18.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">7.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.0<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.9<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.9<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 13.15pt center 18.6pt left 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.7<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.9<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">15.4<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">17.4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.0<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="tab-stops: 427.5pt;">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
1.2<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
4.8<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
2.0<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
-2.3<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
-5.6<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
-5.1<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="color: white; font-size: 8.0pt; mso-bidi-font-size: 12.0pt; mso-color-alt: windowtext;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) <o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">and the three-, five-, and 10-year returns are
annualized; and the 10-year Treasury Note is simply the yield at the close of
the day on each of <o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not
applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: -157.5pt 427.5pt;">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">the secure act
may affect your retirement and your legacy planning…</span></b><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;"> Last week, reports
indicated the ‘Setting Every Community Up for Retirement Enhancement’ (SECURE)
Act was attached to the federal spending bill President Trump signed into law
on Friday. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">The SECURE Act is intended to expand retirement savings opportunities.
Many of its provisions make it easier for Americans to save more for retirement
and, also, to convert their savings into income for retirement. The Act will change
IRA rules in some significant ways. For instance, <i>Drinker Biddle</i> and <i>Barron’s</i>
reported:<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-themecolor: text1;">Contribute to IRA accounts at
any age</span><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">.
In the past, Americans had to stop contributing to IRAs at age 70 ½. <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: text1;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-themecolor: text1;">Begin taking required minimum
distributions (RMDs) at age 72</span><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">. The age for RMDs was pushed to 72 from age 70 ½. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">The Act also changes post-death IRA distribution rules, eliminating stretch
IRA estate planning strategies. <i>Barron’s</i> explained, “Under the bill,
beneficiaries of an IRA would need to draw down the account – and pay income
tax on the money – over a decade, rather than a lifetime.” This will affect
some legacy planning strategies and necessitate the adoption of alternative
solutions. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Workplace plans may change, too. Part-time workers are now eligible to
participate in defined contribution plans as long as certain criteria are met.
The Act also made it easier for defined contribution plans of all sizes to add lifetime
income options to plan investment lineups. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">In addition, the incentive for smaller business owners to establish
workplace retirement plans increased. Tax credits, of up to $5,000 for three
years, can be claimed to offset plan start-up costs. Additional tax credits are
possible when new plans include automatic enrollment features or existing plans
add automatic enrollment features. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">If you would like to discuss how the SECURE Act may affect your
retirement, business, or legacy plans, please give us a call.<o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: -157.5pt 427.5pt;">
<br /></div>
<div class="MsoNormal" style="tab-stops: -157.5pt 427.5pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">“I feel
that one of the most important lessons that can be learned is that what we ‘see’
may be different than what is actually in front of us.”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i><span style="background: white; color: #181818; font-size: 12.0pt;">--Mark Singer, Journalist [8]<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "Edwardian Script ITC"; font-size: 26.0pt; mso-themecolor: accent1;">Leif
M. Hagen</span></b><span style="color: red; font-size: 12.0pt;"><br />
</span><span style="font-size: 12.0pt;">Leif M. Hagen, CLU, ChFC<br />
LPL Financial Advisor<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNEmCgu9z9X_m8e1IJbH1x2QOjvh52BvsMLziSMUmTdkBZDbWLfQKySbt4zmndGuNqqG_Sfy9R2ZhudrfKEVTb0t25vAP4n1dTNF4I_ubz6kw-3zq9VLi0LH7IyQXnI-DtBzO07v7gX3mp/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNEmCgu9z9X_m8e1IJbH1x2QOjvh52BvsMLziSMUmTdkBZDbWLfQKySbt4zmndGuNqqG_Sfy9R2ZhudrfKEVTb0t25vAP4n1dTNF4I_ubz6kw-3zq9VLi0LH7IyQXnI-DtBzO07v7gX3mp/s200/OfficeTeamPhoto.jpg" width="200" /></a></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week,” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network, LLC.;
4640 Nicols Road Ste 203; Eagan, MN 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<a href="https://www.barrons.com/market-data?mod=BOL_HAMNAV"><span style="font-size: 11.0pt;">https://www.barrons.com/market-data?mod=BOL_HAMNAV</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">(<i>or go to </i></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-23-19_Barrons_Market_Data.pdf"><i><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-23-19_Barrons_Market_Data.pdf</span></i></a><i><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">) </span></i><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.barrons.com/articles/the-s-p-heading-for-best-year-since-2013-what-fueled-the-rally-51576891986?mod=hp_DAY_3"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/the-s-p-heading-for-best-year-since-2013-what-fueled-the-rally-51576891986?mod=hp_DAY_3</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">(<i>or go to </i></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-23-19_The_S%26P_Is_Heading_for_Its_Best_Year_Since_2013.pdf"><i><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-23-19_The_S%26P_Is_Heading_for_Its_Best_Year_Since_2013.pdf</span></i></a><i><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;"> )<o:p></o:p></span></i></div>
<div class="MsoNormal">
<a href="https://www.reuters.com/article/us-global-markets-2019-graphic/the-best-year-financial-markets-have-ever-had-idUSKBN1YO266"><span style="font-size: 11.0pt;">https://www.reuters.com/article/us-global-markets-2019-graphic/the-best-year-financial-markets-have-ever-had-idUSKBN1YO266</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://thedecisionlab.com/biases/loss-aversion"><span style="font-size: 11.0pt;">https://thedecisionlab.com/biases/loss-aversion</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.axios.com/2019-record-cash-pulled-out-stocks-5d4763a9-5724-4c64-be23-356c4fcbd002.html"><span style="font-size: 11.0pt;">https://www.axios.com/2019-record-cash-pulled-out-stocks-5d4763a9-5724-4c64-be23-356c4fcbd002.html</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.drinkerbiddle.com/insights/publications/2019/12/congress-finally-passes-the-secure-act"><span style="font-size: 11.0pt;">https://www.drinkerbiddle.com/insights/publications/2019/12/congress-finally-passes-the-secure-act</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.barrons.com/articles/navigating-the-secure-act-what-retirement-savers-need-to-know-to-optimize-their-401-k-s-and-iras-51576886142?mod=hp_LEAD_3"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/navigating-the-secure-act-what-retirement-savers-need-to-know-to-optimize-their-401-k-s-and-iras-51576886142?mod=hp_LEAD_3</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">(<i>or go to </i></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-23-19_Navigating_the_Secure_Act_What_Retirement_Savers_Need_To_Know_To_Otimize_Their_401ks_And_IRAS.pdf"><i><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-23-19_Navigating_the_Secure_Act_What_Retirement_Savers_Need_To_Know_To_Otimize_Their_401ks_And_IRAS.pdf</span></i></a><i><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)</span></i><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.fool.com/retirement/general/2014/08/31/5-retirement-quotes-to-make-you-a-smarter-investor.aspx"><span style="font-size: 11.0pt;">https://www.fool.com/retirement/general/2014/08/31/5-retirement-quotes-to-make-you-a-smarter-investor.aspx</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"><br />
</span></span><span style="background: whitesmoke; color: #111111; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";">Photo
by </span><a href="https://unsplash.com/@austindistel?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; widows: 2; word-spacing: 0px;"><span style="background: whitesmoke; color: #767676; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";">Austin
Distel</span></a><span style="background: whitesmoke; color: #111111; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";"><span style="-webkit-text-stroke-width: 0px; float: none; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; widows: 2; word-spacing: 0px;"> on </span></span><a href="https://unsplash.com/s/photos/growth?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; widows: 2; word-spacing: 0px;"><span style="background: whitesmoke; color: #767676; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";">Unsplash</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd #203, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395tag:blogger.com,1999:blog-5614622820149022815.post-86714235166634813832019-12-20T08:54:00.000-06:002020-01-16T10:54:48.601-06:00Wishing Joy and Laughter this Holiday Season<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiY5mvIfcaMxCEqmIjvrHh1scDJ2BNGazYQ4kpFiO1ESpF2Ths1xdPcwil4wNZgakwnPspvhNyOTwOhEUL-3LNycBiZN1qt5RLQCzpndiy9e2ZpA9tA9mEk04EMlNlS3zbyA-EgwGl2ocL_/s1600/rodion-kutsaev-ySNkCkdKyTY-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiY5mvIfcaMxCEqmIjvrHh1scDJ2BNGazYQ4kpFiO1ESpF2Ths1xdPcwil4wNZgakwnPspvhNyOTwOhEUL-3LNycBiZN1qt5RLQCzpndiy9e2ZpA9tA9mEk04EMlNlS3zbyA-EgwGl2ocL_/s400/rodion-kutsaev-ySNkCkdKyTY-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #4472c4; font-size: 26.0pt;"><o:p> </o:p></span></b><b><span style="color: #4472c4; font-size: 26.0pt;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">Holiday
Greeting Commentary<br />
December 20, 2019</span></b><span style="color: black; font-size: 13.5pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Wishing Joy and
Laughter this Holiday Season<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">No matter what holiday you celebrate, we hope it’s filled with
joy, laughter, and heartfelt happiness. That said, we know holiday cheer can be
overwhelmed by the pursuit of perfection and opinions of relatives. Just in
case your goodwill falters, we offer some wise, and not-so-wise, words to help
restore your equilibrium and good humor.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">“A
candle is a small thing. But one candle can light another. And, see how its own
light increases, as a candle gives its flame to the other. You are such a
light.”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in; text-align: right;">
<i><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">--Moshe Davis</span></i><sup><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-style: italic; mso-bidi-theme-font: minor-latin;">1</span></sup><i><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></i></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">“Once
again, we come to the Holiday Season, a deeply religious time that each of us
observes, in his own way, by going to the mall of his choice.”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in; text-align: right;">
<i><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">--Dave Barry</span></i><sup><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-style: italic; mso-bidi-theme-font: minor-latin;">2</span></sup><i><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></i></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">“The
best and most beautiful things in the world cannot be seen or even touched.
They must be felt with the heart.”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in; text-align: right;">
<i><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">--Helen Keller</span></i><sup><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-style: italic; mso-bidi-theme-font: minor-latin;">3</span></sup><i><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></i></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in; text-align: justify;">
<br /></div>
<div style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in;">
<span style="color: black; font-family: "calibri" , sans-serif; font-size: 12.0pt;">“If you have a purpose in which you can believe, there’s no end to
the amount of things you can accomplish.”<o:p></o:p></span></div>
<div align="right" style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: .5in; margin-top: 0in; text-align: right;">
<i style="mso-bidi-font-style: normal;"><span style="color: black; font-family: "calibri" , sans-serif; font-size: 12.0pt;">--Marian
Anderson</span></i><sup><span style="color: black; font-family: "calibri" , sans-serif; font-size: 12.0pt;">4</span></sup><i style="mso-bidi-font-style: normal;"><span style="color: black; font-family: "calibri" , sans-serif; font-size: 12.0pt;"><o:p></o:p></span></i></div>
<div style="background: white; line-height: normal; margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Just so you know, we count you among our blessings. Happy
Holidays!<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="color: #0070c0; font-family: "edwardian script itc"; font-size: 26.0pt;">Leif
M. Hagen</span></b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br />
Leif M. Hagen, CLU ChFC<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">LPL Financial Advisor <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihoJKfRxccuMFaksyF7EWx2ElQ5Sa-pO2uNzOOyA6fVQDMCg4y8bPQpiToff9_PvLymhCz0qkq2xka8Oa6n258tDL7BiLvrRn5lpsmxw46Mzjd6iW_rSqap2Qe4acF9wIMrS8FZXgtcaCE/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihoJKfRxccuMFaksyF7EWx2ElQ5Sa-pO2uNzOOyA6fVQDMCg4y8bPQpiToff9_PvLymhCz0qkq2xka8Oa6n258tDL7BiLvrRn5lpsmxw46Mzjd6iW_rSqap2Qe4acF9wIMrS8FZXgtcaCE/s200/OfficeTeamPhoto.jpg" width="200" /></a></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-no-proof: yes;"></span><o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-style: italic; mso-bidi-theme-font: minor-latin;">1</span></sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">
</span><a href="https://www.bustle.com/articles/128604-12-hanukkah-quotes-to-inspire-you-this-holiday-season"><span style="color: blue; font-size: 10.0pt;">https://www.bustle.com/articles/128604-12-hanukkah-quotes-to-inspire-you-this-holiday-season</span></a><span style="color: blue; font-size: 10.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-style: italic; mso-bidi-theme-font: minor-latin;">2</span></sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">
</span><a href="https://www.rd.com/funny-stuff/funny-christmas-quotes/"><span style="color: blue; font-size: 10.0pt;">https://www.rd.com/funny-stuff/funny-christmas-quotes/</span></a><span style="color: blue; font-size: 10.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-style: italic; mso-bidi-theme-font: minor-latin;">3</span></sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">
</span><a href="https://www.forbes.com/sites/erikaandersen/2012/12/25/12-holiday-quotes-to-make-you-merry/#7204dd0f26e5"><span style="color: blue; font-size: 10.0pt;">https://www.forbes.com/sites/erikaandersen/2012/12/25/12-holiday-quotes-to-make-you-merry/#7204dd0f26e5</span></a><span style="color: blue; font-size: 10.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-style: italic; mso-bidi-theme-font: minor-latin;">4</span></sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">
</span><a href="https://holidayvault.com/kwanzaa/quotes/"><span style="color: blue; font-size: 10.0pt;">https://holidayvault.com/kwanzaa/quotes/</span></a><span style="color: blue; font-size: 10.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "wingdings"; font-size: 10.0pt;"><span style="mso-list: Ignore;">v<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The
above material was prepared by Carson Coaching.<br />
</span><span style="background: whitesmoke; color: #111111; font-family: "helvetica" , sans-serif; font-size: 10.5pt;">Photo by </span><a href="https://unsplash.com/@frostroomhead?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText"><span style="background: whitesmoke; color: #767676; font-family: "helvetica" , sans-serif; font-size: 10.5pt;">Rodion
Kutsaev</span></a><span style="background: whitesmoke; color: #111111; font-family: "helvetica" , sans-serif; font-size: 10.5pt;"> on </span><a href="https://unsplash.com/s/photos/christmas?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText"><span style="background: whitesmoke; color: #767676; font-family: "helvetica" , sans-serif; font-size: 10.5pt;">Unsplash</span></a><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd #203, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395tag:blogger.com,1999:blog-5614622820149022815.post-90252329589518875822019-12-16T11:41:00.001-06:002020-01-16T10:59:32.514-06:00Tariff reductions and self-reported happiness <br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhM24XiOmtH97gEOabb3AmJ2TA46U9PvBeaJPZVjZLrFW9Ib0XrUaA4U5m3IY6ySmUn_4NHCEoURFa0PZbzSmY-KqpS2wFwHJ7VVjQHFmt_QXK1L6BAfyHHtI1KnFL-QIkeAkNzJxF9wW5o/s1600/logan-weaver-TtmCQskf6xs-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhM24XiOmtH97gEOabb3AmJ2TA46U9PvBeaJPZVjZLrFW9Ib0XrUaA4U5m3IY6ySmUn_4NHCEoURFa0PZbzSmY-KqpS2wFwHJ7VVjQHFmt_QXK1L6BAfyHHtI1KnFL-QIkeAkNzJxF9wW5o/s400/logan-weaver-TtmCQskf6xs-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt; mso-themecolor: accent1;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">December 16, 2019<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">So, what comes next?<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Last week was a good week for
investors. Ben Levisohn of <i>Barron’s</i> explained:<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 34.2pt; margin-top: 0in;">
<span style="font-size: 12.0pt;">“The
Federal Reserve and European Central Bank both pledged to do what they could to
underpin their respective economies. The United Kingdom gave Boris Johnson’s
Conservative Party a landslide victory, virtually guaranteeing that the Brexit
saga will end, finally.”<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">‘Get Brexit done’ was the
slogan of Prime Minister Boris Johnson’s conservative party and British voters
confirmed that’s what they want. As a result, Parliament is likely to accept the
Prime Minister’s withdrawal agreement. Under current deadlines, the United
Kingdom will begin to transition out of the European Union (EU) at the end of
January, reported<i> The Economist</i>.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Prime Minister Johnson
promised to complete the transition by December 2020 despite skepticism about
whether trade agreements can be negotiated and ratified in such a short time. <i>The
Economist</i> reported, “…unless Mr. Johnson is ready to ask for an extension,
the risk of Britain leaving the EU with no trade deal in place at the end of
next year will be significant. The result would be high barriers to exports and
severe disruption to trade.”<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">There was another important
event last week. The United States government announced, “…a phase-one deal
with China had been completed and that negotiations on phase two would begin
immediately. Details were lacking, but it was surely good news,” reported Levisohn.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<i><span style="font-size: 12.0pt;">The Wall Street Journal</span></i><span style="font-size: 12.0pt;"> reported the deal has been agreed to in principle,
although nothing has been signed, and neither the United States nor the Chinese
government released the text of the agreement or a detailed summary.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">The information released
indicates the United States cancelled tariffs scheduled to take effect last
Sunday and reduced current tariffs on $120 million of Chinese goods. In return,
China agreed to increase purchases of agricultural goods over the next two
years. The agreement is scheduled to be signed in January.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Let’s hope they ink the deal!<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "Times New Roman",serif; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-themecolor: text1;"><br clear="all" style="page-break-before: always;" />
</span>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
12/13/19<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal">
<span style="mso-bidi-font-size: 12.0pt;">Standard &
Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.7%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">26.4%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">19.6%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.7%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.8%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.0%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global
ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">16.6<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">13.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">6.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.6<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury
Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.9<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.6<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">14.4<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">18.0<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">8.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.9<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.7<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
1.5<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="text-align: center;">
3.5<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="text-align: center;">
-3.8<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="text-align: center;">
-3.3<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="text-align: center;">
-6.3<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
-5.1<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="color: white; font-size: 8.0pt; mso-bidi-font-size: 12.0pt; mso-color-alt: windowtext;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) and the three-, five-, and 10-year returns are annualized; and
the 10-year Treasury Note is simply the yield at the close of the day on each
of the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not
applicable.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">life begins at
40. </span></b><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">In
1932, psychologist Walter Pitkin published a self-help book called ‘Life Begins
at Forty.’ <i>The Economist</i> summarized his findings like this, “The theory
goes that years of hard work are rewarded with less stress and better pay;
children begin to fly the nest; and with luck, a decent period of good health
remains.”<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">At the time, the book was something of a revelation. After all,
throughout much of the 1800s, life expectancy at birth was about 40. When
Pitkin wrote his book, newborn Americans were expected to reach age 60, on
average.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">It turns out Pitkin was on to something.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<i><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">The Economist</span></i><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;"> reviewed the findings of the <i>2019 World Happiness
Report, </i>which uses data from the <i>Gallup World Poll</i>. It found people
in the United States and around the world generally are happy in their teens
and early 20s. By the time they reach their 30s, however, happiness levels have
dropped. People begin to recover a more positive state of mind at age 40. For
many, by age 70, self-reported happiness is higher than it was in their teens
and 20s.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">There are differences in self-reported happiness from country to
country. For instance, happiness in former Soviet states tends to decline with
age. In addition, overall, self-reported happiness in India has declined during
the past several years.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">So, who are happiest people in the world? American women age 70 and
older!<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="text-autospace: ideograph-numeric ideograph-other;">
<span style="background: white; color: #181818; font-size: 12.0pt;">“I am still every age
that I have been. Because I was once a child, I am always a child. Because I
was once a searching adolescent, given to moods and ecstasies, these are still
part of me, and always will be…Far too many people misunderstand what ‘putting away
childish things’ means, and think that forgetting what it is like to think and
feel and touch and smell and taste and see and hear like a three-year-old or a
thirteen-year-old or a twenty-three-year-old means being grownup. When I’m with
these people I, like the kids, feel that if this is what it means to be a
grown-up, then I don’t ever want to be one. </span><span style="color: black; font-size: 12.0pt;">Instead of which, if I can retain a child’s awareness and joy, and
<i>be</i> fifty-one, then I will really learn what it means to be grownup.</span><span style="background: white; color: #181818; font-size: 12.0pt;">”</span><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i><span style="background: white; color: #181818; font-size: 12.0pt;">--Madeleine L’Engle, Author and poet<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "Edwardian Script ITC"; font-size: 26.0pt; mso-themecolor: accent1;">Leif
M. Hagen</span></b><span style="color: red; font-size: 12.0pt;"><br />
</span><span style="font-size: 12.0pt;">Leif M. Hagen, CLU, ChFC<br />
LPL Financial Advisor<span style="color: red;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhn8dGMx6ToiaH1VbBXND3KXfWYmb1SzpyNflYUsTFvAWYzz0P5M_wf-9T9syeVXc1kBgS2QEVLMeWovopEANPwb8uNvLAcf9CgVzSk7g753ItC_4DIXvqR7y80XrQ70XhjQjert1MUTt2q/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhn8dGMx6ToiaH1VbBXND3KXfWYmb1SzpyNflYUsTFvAWYzz0P5M_wf-9T9syeVXc1kBgS2QEVLMeWovopEANPwb8uNvLAcf9CgVzSk7g753ItC_4DIXvqR7y80XrQ70XhjQjert1MUTt2q/s320/OfficeTeamPhoto.jpg" width="320" /></a></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><o:p><br /></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week,” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network,
Inc.; 4640 Nicols Rd, Suite 203; Eagan, MN 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.barrons.com/articles/lots-went-right-for-investors-this-week-the-dow-still-ended-friday-on-a-flat-note-51576282633?mod=hp_DAY_4"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/lots-went-right-for-investors-this-week-the-dow-still-ended-friday-on-a-flat-note-51576282633?mod=hp_DAY_4</span></a><span style="font-size: 11.0pt;"> <span style="color: black; mso-themecolor: text1;">(<i>or
go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-16-19_Barrons-Lots_Went_Right_for_Investors_this_Week-The_Dow_Still_Ended_Friday_on_a_Flat_Note-Footnote_1.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-16-19_Barrons-Lots_Went_Right_for_Investors_this_Week-The_Dow_Still_Ended_Friday_on_a_Flat_Note-Footnote_1.pdf</span></a><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.economist.com/britain/2019/12/13/boris-johnsons-big-win?cid1=cust/ednew/n/bl/n/2019/12/13n/owned/n/n/nwl/n/n/NA/360436/n"><span style="font-size: 11.0pt;">https://www.economist.com/britain/2019/12/13/boris-johnsons-big-win?cid1=cust/ednew/n/bl/n/2019/12/13n/owned/n/n/nwl/n/n/NA/360436/n</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">(<i>or go to </i></span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-16-19_TheEconomist-Boris_Johnsons_Big_Win-Footnote_2.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-16-19_TheEconomist-Boris_Johnsons_Big_Win-Footnote_2.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal">
<a href="https://www.wsj.com/articles/us-china-confirm-reaching-phase-one-trade-deal-11576234325"><span style="font-size: 11.0pt;">https://www.wsj.com/articles/us-china-confirm-reaching-phase-one-trade-deal-11576234325</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-16-19_WSJ-US_China_Agree_to_Limited_Deal_to_Halt_Trade_War-Footnote_3.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-16-19_WSJ-US_China_Agree_to_Limited_Deal_to_Halt_Trade_War-Footnote_3.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal">
<a href="https://www.amazon.com/Life-Begins-Forty-Walter-Pitkin/dp/B00085JNB4"><span style="font-size: 11.0pt;">https://www.amazon.com/Life-Begins-Forty-Walter-Pitkin/dp/B00085JNB4</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.economist.com/graphic-detail/2019/04/12/do-people-become-happier-after-40"><span style="font-size: 11.0pt;">https://www.economist.com/graphic-detail/2019/04/12/do-people-become-happier-after-40</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-16-19_TheEconomist-Do_People_Become_Happier_After_40-Footnote_5.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-16-19_TheEconomist-Do_People_Become_Happier_After_40-Footnote_5.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal">
<a href="https://www.infoplease.com/us/mortality/life-expectancy-age-1850-2011"><span style="font-size: 11.0pt;">https://www.infoplease.com/us/mortality/life-expectancy-age-1850-2011</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-size: 11.0pt;"><a href="https://www.thecut.com/2014/09/25-famous-women-on-aging.html">https://www.thecut.com/2014/09/25-famous-women-on-aging.html</a></span><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="background-color: whitesmoke; color: #111111; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; white-space: nowrap;">Photo by </span><a href="https://unsplash.com/@lgnwvr?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="background-color: whitesmoke; box-sizing: border-box; color: #767676; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; white-space: nowrap;">Logan Weaver</a><span style="background-color: whitesmoke; color: #111111; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; white-space: nowrap;"> on </span><a href="https://unsplash.com/s/photos/senior-citizen?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="background-color: whitesmoke; box-sizing: border-box; color: #767676; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; white-space: nowrap;">Unsplash</a></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd #203, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395tag:blogger.com,1999:blog-5614622820149022815.post-33815282999376842512019-12-09T11:48:00.000-06:002020-01-16T10:59:53.608-06:00Tariffs, growth and evolving online etiquette<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvNldX9xh_6ysdGzqH2EeL6JQYVlkDhBTEtSzBgiYNS8n0RbqYXcjHveobzVD3PhWg0mUi3usos8vu3H8DGDxC_V4h_lsVsHNe8Qroe0PHQyvIl9uF5QQxKMhJRLWOw5WgVL19pzPREbn_/s1600/kev-costello-w3jVXGkYZCw-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvNldX9xh_6ysdGzqH2EeL6JQYVlkDhBTEtSzBgiYNS8n0RbqYXcjHveobzVD3PhWg0mUi3usos8vu3H8DGDxC_V4h_lsVsHNe8Qroe0PHQyvIl9uF5QQxKMhJRLWOw5WgVL19pzPREbn_/s400/kev-costello-w3jVXGkYZCw-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt;">“Peek of the Week”</span></b><b><span style="color: #35db3f; font-size: 26.0pt;"><br />
</span></b><b><span style="color: #00b050; font-size: 16.0pt;">Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">December 9, 2019<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets</span></b><span style="color: #00b050; mso-bidi-font-weight: bold;"> </span><b><span style="color: #00b050; font-size: 14.0pt;"><o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Ahh,
the power of distraction.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">On
Friday, the unemployment report flashed its numbers like a hair model in a
shampoo commercial. The <i>Bureau of Labor Statistics</i> reported 266,000 new
jobs were created in November. That was better than expected even after
deducting the 40,000-plus General Motors employees returning to work, reported <i>CNBC</i>.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">The
sign of economic strength helped major U.S. stock indices recover from losses suffered
earlier in the week – mostly.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">The
week got off to a rough start when President Trump indicated there was little
urgency to resolving the trade dispute with China. The statement upset
expectations a phase one trade deal would be completed before December 15.
That’s the date the United States is scheduled to put additional tariffs on
Chinese consumer goods. New tariffs could inspire additional actions by the
Chinese government that affect economic growth in the United States.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">To
date, U.S. economic growth has slowed from 3.1 percent in the first quarter of
2019 to 1.9 percent in the third quarter.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">The
slowdown was caused, in part, by Chinese tariffs on American products. Tariffs have
had a negative effect on manufacturing and agriculture, as well as other
sectors of the market. Trade uncertainty also has led to a decline in business investment.
When business investment drops so does the economy’s growth potential. The main
engine behind U.S. economic growth has been and remains the American people.
Consumer spending accounted for 68 percent of U.S. economic growth in the third
quarter.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">The
Standard & Poor’s 500 Index finished the week in positive territory. The
Dow Jones Industrial Average and Nasdaq Composite finished down 0.1 percent.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "times new roman" , serif; font-size: 10.0pt;"><br clear="all" style="page-break-before: always;" />
</span>
<br />
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
12/6/19<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Standard & Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.2%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">25.5%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">16.7%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">12.5%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">8.8%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.1%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">14.2<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">6.4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.4<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.9<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.5<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">13.9<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">17.5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">7.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.5<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
1.5<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
2.0<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-4.9<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-3.9<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-6.7<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-5.1<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="color: white; font-size: 8.0pt;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) and the three-, five-, and 10-year returns are annualized; and
the 10-year Treasury Note is simply the yield at the close of the day on each
of the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not
applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">the
evolving etiquette of social media. </span></b><span style="color: black; font-size: 12.0pt;">Social media etiquette makes remembering when
to use the little fork on the right – you know, the one next to the two knives and
spoon (the oyster fork) – seem like a snap.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 12.0pt;">When social media platforms were gaining
popularity, they offered an opportunity to reconnect and stay in touch with
friends and family. During the past decade, many people joined platforms and
built networks. They also started to engage in some unwelcome behaviors.
Sometimes, social media is a place where people:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 34.2pt; margin-top: 0in;">
<span style="color: black; font-size: 12.0pt;">“…can say mean things without showing their
face, discriminate with little consequence, and spill details nobody truly
wants to hear,” explained <i>Influence.co</i>. “…it’s vital for people to
remember that social media is meant to bring people together and that our
online behavior can quickly come between us.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 12.0pt;">To make it easier to understand which
behaviors these are, the organization conducted a survey. The top digital
don’ts included:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-size: 12.0pt;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt;">Bullying others in comments (91.1 percent)<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-size: 12.0pt;"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt;">Sharing discriminatory content (89.2 percent)<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-size: 12.0pt;"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt;">Posting fake news (88.8 percent)<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-size: 12.0pt;"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt;">Making passive-aggressive posts (78.5 percent)<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-size: 12.0pt;"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt;">Oversharing personal details (77.4 percent)<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-size: 12.0pt;"><span style="mso-list: Ignore;">6.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt;">Complaining about a partner (75.8 percent)<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-size: 12.0pt;"><span style="mso-list: Ignore;">7.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt;">Giving medical advice (48.3 percent)<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: black; font-size: 12.0pt;"><span style="mso-list: Ignore;">8.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: black; font-size: 12.0pt;">Excessive hashtag use (33.8 percent)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 12.0pt;">It’s also a poor idea to post content about
another person without their permission. One in 10 respondents had ended a
friendship over it. Finally, many people find it irritating when asked to delay
eating a meal so a dinner companion can photograph it.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 12.0pt;">It’s food for thought.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">“One of the
big no-no’s in cyberspace is that you do not go into a social activity, a chat
group, or something like that, and start advertising or selling things. This
etiquette rule is an attempt to separate one's social life, which should be
pure enjoyment and relaxation, from the pressures of work.”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i><span style="background: white; color: #181818; font-size: 12.0pt;">--Judith Martin, a.k.a. Miss Manners, Etiquette
authority<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "edwardian script itc"; font-size: 26.0pt;">Leif
M. Hagen</span></b><span style="color: red; font-size: 12.0pt;"><br />
</span><span style="font-size: 12.0pt;">Leif M. Hagen, CLU, ChFC<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">LPL
Financial Advisor<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span><br />
<span style="font-size: 12.0pt;"><br /></span>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGWkDqFEt1Rjtfg7jMmAYV1tkT_LEfzC4p_Bp23vh0Fznwwsbxktlh9952ED6IFg05JjgdjaDww5YzwEXowtQGKQGfl58p2RAThkxt4Jd9_nym0-FWQwLH7nDu1lIHSXBh6iPfNgHvmyUq/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGWkDqFEt1Rjtfg7jMmAYV1tkT_LEfzC4p_Bp23vh0Fznwwsbxktlh9952ED6IFg05JjgdjaDww5YzwEXowtQGKQGfl58p2RAThkxt4Jd9_nym0-FWQwLH7nDu1lIHSXBh6iPfNgHvmyUq/s200/OfficeTeamPhoto.jpg" width="200" /></a></div>
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week,” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network,
LLC.; 4640 Nicols Rd – Suite 203; Eagan, MN 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.bls.gov/news.release/empsit.nr0.htm"><span style="font-size: 11.0pt;">https://www.bls.gov/news.release/empsit.nr0.htm</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.cnbc.com/2019/12/06/us-nonfarm-payrolls-november-2019.html"><span style="font-size: 11.0pt;">https://www.cnbc.com/2019/12/06/us-nonfarm-payrolls-november-2019.html</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.barrons.com/articles/dow-jones-industrial-average-ends-week-lower-despite-strong-jobs-report-51575684786?mod=hp_DAY_3"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/dow-jones-industrial-average-ends-week-lower-despite-strong-jobs-report-51575684786?mod=hp_DAY_3</span></a><span style="font-size: 11.0pt;"> <span style="color: black; mso-themecolor: text1;">(<i>or
go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-09-19_Barrons-The_Jobs_Numbers_were_Great-The_Dow_Still_Finished_Down_for_the_Week-Footnote_3.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-09-19_Barrons-The_Jobs_Numbers_were_Great-The_Dow_Still_Finished_Down_for_the_Week-Footnote_3.pdf</span></a><span style="color: black; font-size: 11.0pt;">)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.marketwatch.com/story/did-trump-talk-bluster-or-was-he-hinting-that-china-talks-collapse-either-way-stock-futures-slump-2019-12-03"><span style="font-size: 11.0pt;">https://www.marketwatch.com/story/did-trump-talk-bluster-or-was-he-hinting-that-china-talks-collapse-either-way-stock-futures-slump-2019-12-03</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://apps.bea.gov/scb/2019/11-november/pdf/1119-gdp-economy.pdf"><span style="font-size: 11.0pt;">https://apps.bea.gov/scb/2019/11-november/pdf/1119-gdp-economy.pdf</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.bea.gov/news/2019/gross-domestic-product-1st-quarter-2019-advance-estimate"><span style="font-size: 11.0pt;">https://www.bea.gov/news/2019/gross-domestic-product-1st-quarter-2019-advance-estimate</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.npr.org/2019/12/06/785280703/how-hard-are-tariffs-hitting-the-economy-it-depends-on-who-you-ask"><span style="font-size: 11.0pt;">https://www.npr.org/2019/12/06/785280703/how-hard-are-tariffs-hitting-the-economy-it-depends-on-who-you-ask</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://fred.stlouisfed.org/series/W790RC1Q027SBEA"><span style="font-size: 11.0pt;">https://fred.stlouisfed.org/series/W790RC1Q027SBEA</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www3.nd.edu/~cwilber/econ504/504book/outln11b.html"><span style="font-size: 11.0pt;">https://www3.nd.edu/~cwilber/econ504/504book/outln11b.html</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://emilypost.com/advice/formal-place-setting/"><span style="font-size: 11.0pt;">https://emilypost.com/advice/formal-place-setting/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://influence.co/go/content/social-media-etiquette.htm"><span style="font-size: 11.0pt;">https://influence.co/go/content/social-media-etiquette.htm</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.brainyquote.com/quotes/judith_martin_581570?src=t_etiquette"><span style="font-size: 11.0pt;">https://www.brainyquote.com/quotes/judith_martin_581570?src=t_etiquette</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd #203, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395tag:blogger.com,1999:blog-5614622820149022815.post-54192097799239594072019-12-02T11:40:00.001-06:002020-01-16T11:00:25.957-06:00The Billionaire Effect<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsHw-utu0_v_8Xx_RJTmCy5t6ffkPuEIOOErmcxN-RQx5ghyphenhyphencnpW18kHOjAH-skOSe4L9tM4e8ZeRMjZWAt0B4MhU86RedfSbP9q1sDyu4lY2xrIsFvXVDAYhvqosFXMj_lsf4B1rvxrKJ/s1600/austin-distel-Etxsv8WiFjM-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsHw-utu0_v_8Xx_RJTmCy5t6ffkPuEIOOErmcxN-RQx5ghyphenhyphencnpW18kHOjAH-skOSe4L9tM4e8ZeRMjZWAt0B4MhU86RedfSbP9q1sDyu4lY2xrIsFvXVDAYhvqosFXMj_lsf4B1rvxrKJ/s400/austin-distel-Etxsv8WiFjM-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt; mso-themecolor: accent1;">“Peek of the Week”</span></b><b><span style="color: #35db3f; font-size: 16.0pt;"><br />
</span></b><b><span style="color: #00b050; font-size: 16.0pt;">Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">December 2, 2019<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">It’s
a shopping revolution!<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Sometime,
probably not so long ago, comedian Dave Barry wrote, “Once again, we come to
the Holiday Season, a deeply religious time that each of us observes, in his
own way, by going to the mall of his choice.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Not
so much anymore. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">On
Black Friday 2019, many shoppers didn’t venture any farther than their favorite
digital device. <i>CNBC</i> reported, “The pullback in brick-and-mortar stores
mirrored a surge in Black Friday online shopping, which hit $7.4 billion, an
all-time record for the day, according to Adobe Analytics.” There was some good
news for brick-and-mortar stores. In-store sales on Thanksgiving Day were up
2.3 percent from a year ago.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Despite
relatively strong retail sales, overall, major stock indices in the United
States dipped on Friday for reasons unrelated to evolving business models in
the retail industry. Indices trended lower for the same reason they have on
numerous occasions this year: Investors were worried about a setback in
U.S.-China trade talks. <i>Barron’s</i> explained:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 34.2pt; margin-top: 0in;">
<span style="font-size: 12.0pt;">“The
Dow Jones Industrial Average, the S&P 500 index, and the Nasdaq Composite
dipped on the final day of a boffo November. U.S. legislation supporting Hong
Kong’s pro-democracy protesters, to which Beijing reacted furiously, dampened
hopes that the highly anticipated phase-one trade deal with China would be
inked soon.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Despite
losses on Friday, major U.S. indices were up for the week and the month,
reported <i>The Wall Street Journal</i>. In November, U.S. stocks posted the strongest
monthly performance since June.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">U.S.
government bonds have been delivering positive returns, too. Interest rates on
30-year Treasuries have fallen over the course of the year and were down again last
week. When bond rates fall, bond prices move higher. When bond rates begin to
move higher, prices will fall.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">It’s
remarkable when stock and bond markets move in the same direction at the same
time. Often, strong performance in one market is accompanied by weaker
performance in the other.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "Times New Roman",serif; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-themecolor: text1;"><br clear="all" style="page-break-before: always;" />
</span>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
11/29/19<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Standard & Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.0%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">25.3%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">14.7%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">12.5%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">8.9%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.1%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.2<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">13.7<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">7.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">6.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.5<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.0<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.2<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">-0.3<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">13.9<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">19.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">7.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.2<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-2.1<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
0.5<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-6.7<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-2.9<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-7.7<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-5.6<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="color: white; font-size: 8.0pt; mso-bidi-font-size: 12.0pt; mso-color-alt: windowtext;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) and the three-, five-, and 10-year returns are annualized; and
the 10-year Treasury Note is simply the yield at the close of the day on each
of the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not
applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">What
makes a billionaire a billionaire? </span></b><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">During the five years through the end of 2018,
the population of billionaires around the globe increased by 350 people to 2,101.
The wealth of billionaires grew, too. After a 4.3 percent loss overall in 2018,
billionaires’ wealth increased by 34.5 percent during the past five years.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">According
to <i>The Billionaire Effect</i>, which was released by UBS and PWC last month,
three specific personality traits explain the success of many billionaires. It
seems the typical exceptionally rich person is a smart risk-taker, focused on
business, and determined to succeed. If that describes someone you know who has
not yet reached billionaire status, perhaps it’s the industry. The only field
where billionaire wealth increased during 2018 was Technology.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Women
are becoming billionaires at a faster rate than men (46 percent versus 39
percent during the past five years), although there are still significantly
fewer women (233) among the superrich.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Most
of these exceptionally wealthy folks are found in Asia and the Americas:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">There are 754
billionaires in the Asia Pacific region with 436 in China.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">There are 749 in
the Americas with 652 in North America.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">There are 598 in
Emerging Markets, the Middle East, and Africa with 397 in Western Europe and
151 in Eastern Europe.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">While
personality traits may influence success, what really makes billionaires is the
success of their companies. The report stated:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 34.2pt; margin-top: 0in;">
<span style="font-size: 12.0pt;">“Over
the 15 years to the end of 2018, billionaire-controlled companies listed on the
equity market returned 17.8 percent versus the 9.1 percent of the MSCI [All
Country World Index (ACWI)], almost twice the annualized average performance of
the market. Their companies are also more profitable, earning an average return
on equity of 16.6 percent over the last 10 years, compared to the 11.3 percent
of the MSCI ACWI.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">“Human
greatness does not lie in wealth or power, but in character and goodness.
People are just people, and all people have faults and shortcomings, but all of
us are born with a basic goodness.”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i><span style="background: white; color: #181818; font-size: 12.0pt;">--Anne Frank, Diarist<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "Edwardian Script ITC"; font-size: 26.0pt; mso-themecolor: accent1;">Leif
M. Hagen</span></b><span style="color: red; font-size: 12.0pt;"><br />
</span><span style="font-size: 12.0pt;">Leif M. Hagen, CLU, ChFC<br />
LPL Financial Advisor<br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-yDxr_VY7vPUOZw97I-Od-3fcKakT39B2cfD9yw-renPlo3y61tD-Hz5FaHTmI52PmBAqjhzJjMnNZhVITZJwXhURNVXYg7m3Aiel9ricvWXF-NjAVebF7eFT8c4TaY-sVWQ7pOYrbdV6/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-yDxr_VY7vPUOZw97I-Od-3fcKakT39B2cfD9yw-renPlo3y61tD-Hz5FaHTmI52PmBAqjhzJjMnNZhVITZJwXhURNVXYg7m3Aiel9ricvWXF-NjAVebF7eFT8c4TaY-sVWQ7pOYrbdV6/s200/OfficeTeamPhoto.jpg" width="200" /></a></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week,” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network,
Inc.; 4640 Nicols Road, Suite #203; Eagan, MN 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.davebarry.com/misccol/christmas.htm"><span style="font-size: 11.0pt;">https://www.davebarry.com/misccol/christmas.htm</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.cnbc.com/2019/11/30/black-friday-shopping-at-brick-and-mortar-stores-dropped-by-6percent.html"><span style="font-size: 11.0pt;">https://www.cnbc.com/2019/11/30/black-friday-shopping-at-brick-and-mortar-stores-dropped-by-6percent.html</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.barrons.com/articles/the-next-best-stocks-to-buy-could-be-small-caps-51575071290?mod=hp_DAY_1"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/the-next-best-stocks-to-buy-could-be-small-caps-51575071290?mod=hp_DAY_1</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-02-19_Barrons-The_Stock_Markets_Next_Breakout_Stars-Footnote_3.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-02-19_Barrons-The_Stock_Markets_Next_Breakout_Stars-Footnote_3.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.wsj.com/articles/stocks-edge-down-ahead-of-start-to-u-s-shopping-season-11575023295"><span style="font-size: 11.0pt;">https://www.wsj.com/articles/stocks-edge-down-ahead-of-start-to-u-s-shopping-season-11575023295</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-02-19_WSJ-US_Stocks_Notch_Best_Month_Since_June-Footnote_4.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-02-19_WSJ-US_Stocks_Notch_Best_Month_Since_June-Footnote_4.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.marketwatch.com/investing/bond/tmubmusd30y?countrycode=bx&mod=md_bond_overview_quote"><span style="font-size: 11.0pt;">https://www.marketwatch.com/investing/bond/tmubmusd30y?countrycode=bx&mod=md_bond_overview_quote</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;"> (Choose 5-year and YTD time periods at top of chart)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.investopedia.com/ask/answers/why-interest-rates-have-inverse-relationship-bond-prices/"><span style="font-size: 11.0pt;">https://www.investopedia.com/ask/answers/why-interest-rates-have-inverse-relationship-bond-prices/</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.cnbc.com/2019/06/26/in-a-rare-occurrence-both-stock-and-bonds-are-having-a-great-year.html"><span style="font-size: 11.0pt;">https://www.cnbc.com/2019/06/26/in-a-rare-occurrence-both-stock-and-bonds-are-having-a-great-year.html</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.ubs.com/global/en/wealth-management/uhnw/billionaires-report.html"><span style="font-size: 11.0pt;">https://www.ubs.com/global/en/wealth-management/uhnw/billionaires-report.html</span></a><span style="font-size: 11.0pt;"> (For the number of billionaires, click on ‘By year’ and
choose 2014 and 2018. For the quote, click on download report and go to page 6)
(<i>or go to</i> </span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-02-19_UBS-Billionaires_Insights-Footnote_8.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/12-02-19_UBS-Billionaires_Insights-Footnote_8.pdf</span></a><span style="font-size: 11.0pt;">)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;"><a href="https://www.brainyquote.com/quotes/anne_frank_752405?src=t_wealth">https://www.brainyquote.com/quotes/anne_frank_752405?src=t_wealth</a></span><span style="background-color: whitesmoke; color: #111111; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; white-space: nowrap;">Photo by </span><a href="https://unsplash.com/@austindistel?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="background-color: whitesmoke; box-sizing: border-box; color: #767676; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; white-space: nowrap;">Austin Distel</a><span style="background-color: whitesmoke; color: #111111; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; white-space: nowrap;"> on </span><a href="https://unsplash.com/s/photos/billionaire?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="background-color: whitesmoke; box-sizing: border-box; color: #767676; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; white-space: nowrap;">Unsplash</a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd Suite 203, Eagan, MN 55122, USA44.788486 -93.2169971999999821.7731405 -134.52559119999998 67.8038315 -51.908403199999981tag:blogger.com,1999:blog-5614622820149022815.post-88628733602048230892019-11-26T08:46:00.000-06:002020-01-16T11:00:49.151-06:00Thanksgiving: A Time for Gratitude<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
</div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #4472c4; font-family: "Arial",sans-serif; font-size: 26.0pt; mso-fareast-font-family: "Times New Roman"; mso-no-proof: yes;"></span></b><b><span style="color: #4472c4; font-family: "Arial",sans-serif; font-size: 26.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></b></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7dqhbCjrQPrtzpFMogd-wIlCf-jLblKsNov_54eirmj4qIbE9J7aIcSYQ8oQ-hKWPWutOtZ4PSfaGGlZPJ7XAMIxRC0NRYaWhkvKgVzhxThaqyHS-ye4X_q9XinBDvxDfo3JNmVaTGCUB/s1600/thanksgiving-cornucopia.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7dqhbCjrQPrtzpFMogd-wIlCf-jLblKsNov_54eirmj4qIbE9J7aIcSYQ8oQ-hKWPWutOtZ4PSfaGGlZPJ7XAMIxRC0NRYaWhkvKgVzhxThaqyHS-ye4X_q9XinBDvxDfo3JNmVaTGCUB/s400/thanksgiving-cornucopia.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #4472c4; font-family: "Arial",sans-serif; font-size: 26.0pt; mso-fareast-font-family: "Times New Roman";">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #00b050; font-family: "Arial",sans-serif; font-size: 16.0pt; mso-fareast-font-family: "Times New Roman";">Thanksgiving Day
Commentary<br />
November 26, 2019</span></b><span style="color: black; font-family: "Times New Roman",serif; font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Thanksgiving: A
Time for Gratitude</span></b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Some folks love the shopping, cooking, and camaraderie of
holidays; others dislike the long lines, financial stress, and seasonal music.
No matter which tribe you belong to, focusing on the ‘thanks’ part of
Thanksgiving can heighten your enjoyment of the holidays. That’s because
showing gratitude – expressing appreciation for what we have as opposed to
lamenting what we don’t – boosts our sense of happiness and wellbeing. It also
increases our energy, empathy, and optimism.<sup>1</sup> (Plus, you’ll be
prepared when asked to tell everyone what you’re grateful for before the
holiday feast begins.) This year, we’re thankful for:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-add-space: auto; mso-list: l1 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Family whether blood relatives,
clients, or co-workers. We appreciate the people who enrich our lives and make
us feel at home. <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-add-space: auto; mso-list: l1 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Teachers who have challenged us to do
our best at various stages in our lives.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-add-space: auto; mso-list: l1 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Pets which are often demanding but pay
us back in love many times over.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-add-space: auto; mso-list: l1 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">History because it offers us the
knowledge we need to shape the future.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">We value your relationship and appreciate the trust you’ve placed
in us. If there’s anything we can do to guide you in your financial situation,
please give us a call. We’re grateful for you and ready to listen.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Happy Thanksgiving!<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="color: #0070c0; font-family: "Edwardian Script ITC"; font-size: 26.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Leif
M. Hagen</span></b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br />
Leif M. Hagen, CLU ChFC<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">LPL Financial Advisor <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_rcSxS8gTUmTOSpOdyhto8TyjY5Wxd2yGShrRQzdMqxddXA-rYdpemFxVzNUW42kv_0bBwrhvZh6MYeNRIR6apDXHkPqXhqfB1h-OZ3VLtcax9GBdhnQR7tn8uzLBkmSFj1Gc83puXcjA/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_rcSxS8gTUmTOSpOdyhto8TyjY5Wxd2yGShrRQzdMqxddXA-rYdpemFxVzNUW42kv_0bBwrhvZh6MYeNRIR6apDXHkPqXhqfB1h-OZ3VLtcax9GBdhnQR7tn8uzLBkmSFj1Gc83puXcjA/s200/OfficeTeamPhoto.jpg" width="200" /></a></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;">Source:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;">1</span></sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;"> </span><a href="http://www.psychologytoday.com/basics/gratitude"><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;">http://www.psychologytoday.com/basics/gratitude</span></a><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo2; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">v<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin;">The above material was prepared by Carson
Coaching.<br />
</span><span style="background-color: white;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Helvetica, sans-serif;">Photo by </span><a href="https://burst.shopify.com/@sarahpflugphoto?utm_campaign=photo_credit&utm_content=Free+Thanksgiving+Cornucopia+Photo+%E2%80%94+High+Res+Pictures&utm_medium=referral&utm_source=credit" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; cursor: pointer; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; touch-action: manipulation; widows: 2; word-spacing: 0px;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Helvetica, sans-serif;">Sarah Pflug</span></a><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Helvetica, sans-serif;"><span style="-webkit-text-stroke-width: 0px; float: none; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-decoration-color: initial; text-decoration-style: initial; widows: 2; word-spacing: 0px;"> from </span></span><a href="https://burst.shopify.com/vegetables?utm_campaign=photo_credit&utm_content=Free+Thanksgiving+Cornucopia+Photo+%E2%80%94+High+Res+Pictures&utm_medium=referral&utm_source=credit" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; cursor: pointer; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; touch-action: manipulation; widows: 2; word-spacing: 0px;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Helvetica, sans-serif;">Burst</span></a></span><o:p></o:p></div>
<br /><br />
Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.comtag:blogger.com,1999:blog-5614622820149022815.post-86813798217260773162019-11-25T11:37:00.003-06:002020-01-16T11:01:15.467-06:00Progress for investors and pardoned turkeys<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJxspDIFFa12us-eD4Caco_0Qq_zvb0_Jo8PB7R9vsxHIRVseOaKZu6UnJzDr448wTQ_DnqlO6kzU3yvk9Fm4awawDIon4hdl83tt_7MJPnuWvJji-upZGmA4F2dVu3yF9tFy8ursD0f6x/s1600/randy-fath-ELYK2KyiEJ4-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJxspDIFFa12us-eD4Caco_0Qq_zvb0_Jo8PB7R9vsxHIRVseOaKZu6UnJzDr448wTQ_DnqlO6kzU3yvk9Fm4awawDIon4hdl83tt_7MJPnuWvJji-upZGmA4F2dVu3yF9tFy8ursD0f6x/s400/randy-fath-ELYK2KyiEJ4-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;"><o:p> </o:p></span></b><b><span style="color: #4f81bd; font-size: 26.0pt; mso-themecolor: accent1;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">
Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">November 25, 2019<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<br /></div>
<div class="MsoNormal" style="tab-stops: 427.5pt; text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets</span></b><span style="color: #00b050; font-size: 14.0pt; mso-bidi-font-weight: bold;"> <b><o:p></o:p></b></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Thanksgiving is in the air!<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">On Thursday, U.S. investors
may find themselves giving thanks for the bull market. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Year-to-date, the Standard
& Poor’s 500 Index, Dow Jones Industrial Average, and Nasdaq Composite have
all gained more than 20 percent with dividends reinvested. The MSCI World Index
also is up 20 percent year-to-date. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Bond markets have rallied,
too. U.S. government bond yields have dropped since January, and prices have
risen. Not all asset classes have packed an oomph, but investors are feeling
optimistic, reported Michael Mackenzie of the <i>Financial Times</i>.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Ben Levisohn of <i>Barron’s</i>
expressed some skepticism about the current level of optimism.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
<span style="font-size: 12.0pt;">“If
you believe the current narrative, everything is right with the world. By
cutting interest rates three times, the Federal Reserve has averted a
recession. And with the U.S. and China slowly making progress on a trade deal,
capital spending could revive and boost the economy. And right on time, the
S&P 500 index hit a new all-time high, seemingly confirming this rosy
narrative…Strangely, market sentiment appears to be getting better even as the
economic data appear to be getting worse.” <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">He’s not wrong. Economic data
suggest U.S. and Chinese economies have begun to experience negative effects related
to the two-year-old trade war. <i>Reuters</i> reported economic growth in China
has slowed to a 30-year low. Growth in the United States has slowed, too. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">While many remain optimistic
about progress in resolving the U.S.-China trade dispute,<i> Barron’s</i>
Nicholas Jasinski spoke with the chief investment officer of an international
wealth management firm, who commented, “Our view of U.S. and China is that it’s
a competition that’s going to go on for a generation economically,
diplomatically, militarily.” <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Last week, major U.S. indices
finished lower on concerns about trade talk progress. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Happy Thanksgiving! We’re
thankful for you.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 3.35pt;">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "Times New Roman",serif; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-themecolor: text1;"><br clear="all" style="page-break-before: always;" />
</span>
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
11/22/19<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="mso-bidi-font-size: 12.0pt;">Standard & Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">-0.3%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">24.1%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">18.2%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">12.2%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">8.5%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">10.9%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">-0.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 13.15pt center 18.6pt left 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">13.4<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">6.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.3<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 13.15pt center 18.6pt left 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.4<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">-0.2<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">14.3<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">19.4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">6.5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.3<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="tab-stops: 427.5pt;">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
-0.5<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
2.6<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
-3.4<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
-2.6<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
-7.7<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="tab-stops: 427.5pt; text-align: center;">
-5.3<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="color: white; font-size: 8.0pt; mso-bidi-font-size: 12.0pt; mso-color-alt: windowtext;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend)<o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">and the three-, five-, and 10-year returns are
annualized; and the 10-year Treasury Note is simply the yield at the close of
the day on each of<o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: 427.5pt;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not
applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: -157.5pt 427.5pt;">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt; text-transform: uppercase;">Why do
presidents pardon turkeys?</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;"> </span></b><span style="font-size: 12.0pt;">A turkey may not be on the Great Seal of the United
States, as Ben Franklin would have preferred, but the bird has a surprisingly
robust history at the White House. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">From the 1870s until 1913,
turkeys were provided to the White House for holiday meals primarily by Rhode
Island poultry producer Horace Vose. After his death, it was a free for all. <span style="mso-spacerun: yes;"> </span>The <i>White House Historical Association</i>
wrote,<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
<span style="font-size: 12.0pt;">“By
1914, the opportunity to give a turkey to a President was open to everyone, and
poultry gifts were frequently touched with patriotism, partisanship, and glee.
In 1921, an American Legion post furnished bunting for the crate of a gobbler
en route from Mississippi to Washington, while a Harding Girls Club in Chicago
outfitted a turkey as a flying ace, complete with goggles. First Lady Grace
Coolidge accepted a turkey from a Vermont Girl Scout in 1925. The turkey gifts
had become established as a national symbol of good cheer.”<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">The first time a turkey was
granted clemency was in 1863. President Abraham Lincoln instructed the White House
staff to spare a bird which had become a favorite of his son, reported the <i>Constitution
Daily.</i><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Some say President Truman
pardoned a turkey or two, but the <i>Truman Library</i> does not agree. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Records indicate it was 1963 before
another President spared a turkey destined for the White House kitchen. While both
President Lincoln and President John F. Kennedy showed mercy, neither officially
pardoned their birds. President Ronald Reagan joked about a pardon, but the
first official Presidential turkey pardon was issued by President George H.W.
Bush in 1989.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">So, why do Presidents pardon
turkeys? We’re not really sure. We know where pardoned turkeys go, though. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">For many years, like
Super-Bowl-winning quarterbacks, they went to amusement parks in Florida and
California. The turkeys helped lead Thanksgiving Day Parades. More recently,
“…the spared turkeys are sent to an enclosure at Virginia Tech called
‘Gobbler’s Rest’… where they get to frolic with other free turkeys,” reported <i>The
Independent</i>.<o:p></o:p></span></div>
<div class="MsoNormal" style="tab-stops: -157.5pt 427.5pt;">
<br /></div>
<div class="MsoNormal" style="tab-stops: -157.5pt 427.5pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">You may
have heard of Black Friday and Cyber Monday. There's another day you might want
to know about: Giving Tuesday. The idea is pretty straightforward. On the
Tuesday after Thanksgiving, shoppers take a break from their gift-buying and
donate what they can to charity.”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i><span style="background: white; color: #181818; font-size: 12.0pt;">-- Bill Gates, Business magnate and
philanthropist<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "Edwardian Script ITC"; font-size: 26.0pt; mso-themecolor: accent1;">Leif M
Hagen</span></b><span style="font-size: 12.0pt;"><br />
Leif M. Hagen, CLU, ChFC<br />
LPL Financial Advisor<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQi287c5lwbTjTjOUFL4OtB4q-38nWiot08-rfka_OuJkBA4ANOumjVlaSUiZu1DDstwYDYN8TtQOy-ATf0CHLsZSrqmkTS2ioX0cnY1d8NuOTLEM05giuJ8wZepAVCEaLkDI9bRjpFCeO/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQi287c5lwbTjTjOUFL4OtB4q-38nWiot08-rfka_OuJkBA4ANOumjVlaSUiZu1DDstwYDYN8TtQOy-ATf0CHLsZSrqmkTS2ioX0cnY1d8NuOTLEM05giuJ8wZepAVCEaLkDI9bRjpFCeO/s200/OfficeTeamPhoto.jpg" width="200" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week,” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network,
Inc.; 4640 Nicols Rd – Suite #203; Eagan, MN 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.barrons.com/articles/dow-jones-industrial-average-snaps-four-week-winning-streak-51574469902?mod=hp_DAY_3"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/dow-jones-industrial-average-snaps-four-week-winning-streak-51574469902?mod=hp_DAY_3</span></a><span style="font-size: 11.0pt;"> (or go to </span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-25-19_Barrons-The_Dows-Winning-Streak-Ended-With-a-Whimper-as-Trade-Worries-Return-Footnote_1.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-25-19_Barrons-The_Dows-Winning-Streak-Ended-With-a-Whimper-as-Trade-Worries-Return-Footnote_1.pdf</span></a><span style="font-size: 11.0pt;">)<o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.ft.com/content/0d445fe2-0c60-11ea-b2d6-9bf4d1957a67"><span style="font-size: 11.0pt;">https://www.ft.com/content/0d445fe2-0c60-11ea-b2d6-9bf4d1957a67</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span style="font-size: 11.0pt;">(or go to </span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-25-19_FinancialTimes-Investment-Outlooks-Hinge-on-Deciphering-Conflicting-Signals-Footnote_2.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-25-19_FinancialTimes-Investment-Outlooks-Hinge-on-Deciphering-Conflicting-Signals-Footnote_2.pdf</span></a><span style="font-size: 11.0pt;">)<o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.cnbc.com/2019/11/18/the-bond-phenomenon-of-2019-isnt-over-yet-says-trader.html"><span style="font-size: 11.0pt;">https://www.cnbc.com/2019/11/18/the-bond-phenomenon-of-2019-isnt-over-yet-says-trader.html</span></a><span style="font-size: 11.0pt;"> (or go to </span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-25-19_Barrons-The-Bull-Market-Could-Still-End-in-2020-Here's-How-to-Prepare-Footnote_3.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-25-19_Barrons-The-Bull-Market-Could-Still-End-in-2020-Here's-How-to-Prepare-Footnote_3.pdf</span></a><span style="font-size: 11.0pt;">)<o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.barrons.com/articles/prepare-for-the-end-of-the-bull-market-51574439667?mod=hp_LEAD_3"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/prepare-for-the-end-of-the-bull-market-51574439667?mod=hp_LEAD_3</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.reuters.com/article/us-global-markets-themes/take-five-a-spanner-in-the-global-economic-works-idUSKBN1XW1PB"><span style="font-size: 11.0pt;">https://www.reuters.com/article/us-global-markets-themes/take-five-a-spanner-in-the-global-economic-works-idUSKBN1XW1PB</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.history.com/news/did-benjamin-franklin-propose-the-turkey-as-the-national-symbol"><span style="font-size: 11.0pt;">https://www.history.com/news/did-benjamin-franklin-propose-the-turkey-as-the-national-symbol</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.whitehousehistory.org/pardoning-the-thanksgiving-turkey"><span style="font-size: 11.0pt;">https://www.whitehousehistory.org/pardoning-the-thanksgiving-turkey</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://constitutioncenter.org/blog/the-real-story-behind-the-presidential-turkey-pardon"><span style="font-size: 11.0pt;">https://constitutioncenter.org/blog/the-real-story-behind-the-presidential-turkey-pardon</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.trumanlibrary.gov/education/trivia/did-truman-pardon-turkey"><span style="font-size: 11.0pt;">https://www.trumanlibrary.gov/education/trivia/did-truman-pardon-turkey</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://en.wikipedia.org/wiki/National_Thanksgiving_Turkey_Presentation"><span style="font-size: 11.0pt;">https://en.wikipedia.org/wiki/National_Thanksgiving_Turkey_Presentation</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="https://www.independent.co.uk/life-style/turkey-pardon-where-do-they-go-president-donald-trump-white-house-peas-and-carrots-a8643626.html"><span style="font-size: 11.0pt;">https://www.independent.co.uk/life-style/turkey-pardon-where-do-they-go-president-donald-trump-white-house-peas-and-carrots-a8643626.html</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"><o:p></o:p></span></span></div>
<div class="MsoNormal">
<a href="https://www.brainyquote.com/topics/thanksgiving-quotes"><span style="font-size: 11.0pt;">https://www.brainyquote.com/topics/thanksgiving-quotes</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"><o:p></o:p></span></span></div>
<div class="MsoNormal">
<span style="background: whitesmoke; color: #111111; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";">Photo
by </span><a href="https://unsplash.com/@randyfath?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; widows: 2; word-spacing: 0px;"><span style="background: whitesmoke; color: #767676; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";">Randy
Fath</span></a><span style="background: whitesmoke; color: #111111; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";"><span style="-webkit-text-stroke-width: 0px; float: none; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; widows: 2; word-spacing: 0px;"> on </span></span><a href="https://unsplash.com/s/photos/animal-turkey?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; widows: 2; word-spacing: 0px;"><span style="background: whitesmoke; color: #767676; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";">Unsplash</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd #203, Eagan, MN 55122, USA44.7884927 -93.21700579999998121.7731462 -134.52559979999998 67.8038392 -51.908411799999982tag:blogger.com,1999:blog-5614622820149022815.post-29540749844581338052019-11-18T12:04:00.000-06:002020-01-16T11:02:35.470-06:00Risk of recession recedes!<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1cli9cPGdXTuaXRbff-S0MhVo_D0zD7j7TbcQ8wt4i1lYu8Fk_rlBGVrLWFIAC_oePOqI3VSUZZLQot66e4OQfxTVcPRWXoSg4pzN8PoaBwvQNOzBZTGDX2Wbq9RLsUHBz_KcNvDk_qYI/s1600/zdenek-machacek-_QG2C0q6J-s-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1083" data-original-width="1600" height="270" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1cli9cPGdXTuaXRbff-S0MhVo_D0zD7j7TbcQ8wt4i1lYu8Fk_rlBGVrLWFIAC_oePOqI3VSUZZLQot66e4OQfxTVcPRWXoSg4pzN8PoaBwvQNOzBZTGDX2Wbq9RLsUHBz_KcNvDk_qYI/s400/zdenek-machacek-_QG2C0q6J-s-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">
Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">November 18, 2019<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets</span></b><span style="color: #00b050; mso-bidi-font-weight: bold;"> </span><b><span style="color: #00b050; font-size: 14.0pt;"><o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">The
longest bull market in history showed no signs of slowing last week. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">U.S.
stock markets climbed higher for the sixth week straight – the longest rally in
U.S. markets in two years – and the Dow Jones Industrial Average surpassed
28,000 for the very first time, reported <i>Bloomberg</i>.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<i><span style="font-size: 12.0pt;">The
Economist</span></i><span style="font-size: 12.0pt;"> reported, “It has been a
year of mood swings in financial markets. In the spring and summer, anxious
investors piled into the safety of government bonds, driving yields down
sharply. Yields have recovered in recent weeks…Equity prices in America have
reached a new peak. But what is more striking is the performance of cyclical
stocks relative to defensive ones. Within America’s market the prices of
industrial stocks, which do well in business-cycle upswings, have risen
relative to the prices of utility stocks, a safer bet in hard times.” <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Last
week, Federal Reserve Chair Jerome Powell confirmed the United States appears
to be in good economic shape. The U.S. economic outlook remains favorable
despite weakening business investment, which has slowed because of sluggish
global growth and uncertainty surrounding trade. The unemployment rate remains
low and more people are returning to the workforce, which is a positive
development. Overall, Powell and his colleagues believe economic expansion is
likely to continue.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><span style="mso-spacerun: yes;"> </span>A similar phenomenon has occurred in European
markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Randall
Forsyth of <i>Barron’s</i> cited a source who stated, “…the global economic
backdrop has, for the first time in 18 months, begun to improve.” Forsyth went
on to explain, “It’s not just because of prospects of a trade deal. Recession
risks have, well, receded. Growth may slow to a 1 percent annual rate in the
current quarter, but odds of falling into an outright recession have slid.” <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Whenever
investors are happy and markets are moving higher, contrarians begin to ask
questions. For example, a leading contrarian indicator is the Investors
Intelligence Sentiment Survey. The survey queries investors and investment
professionals about whether they are feeling bullish or bearish. When the ratio
of bulls to bears is above 1.0, the market may be overly bullish. When it is
less than 1.0, it may be too bearish. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="text-autospace: ideograph-numeric ideograph-other;">
<i><span style="color: black; font-size: 12.0pt;">Yardeni Research</span></i><span style="color: black; font-size: 12.0pt;"> reported the ratio stood at 3.22
last week; 57 percent bulls and 18 percent bears</span><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; margin-left: -.25pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "times new roman" , serif; font-size: 10.0pt;"><br clear="all" style="page-break-before: always;" />
</span>
<br />
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
11/15/19<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Standard & Poor’s 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.9%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">24.5%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">14.3%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">12.7%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">8.9%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">10.9%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">-0.3<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">14.0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">6.9<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.0<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.3<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.3<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.2<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">14.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">21.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">6.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.6<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-1.0<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
3.1<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-4.5<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-1.7<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-7.6<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-5.3<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="color: white; font-size: 8.0pt;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) and the three-, five-, and 10-year returns are annualized; and
the 10-year Treasury Note is simply the yield at the close of the day on each
of the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not
applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">In
case you missed it, the winner was #435. </span></b><span style="color: black; font-size: 12.0pt;">For the last five years,<b style="mso-bidi-font-weight: normal;"><span style="text-transform: uppercase;"> </span></b></span><span style="font-size: 12.0pt;">Katmai National Park and Preserve in Western Alaska
has hosted ‘Fat Bear Week’ to celebrate bears as they prepare for hibernation. The
participants are coastal brown bears who live along Alaska’s Brooks River. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">The
event helps people better understand hibernation. You may not have realized it,
but bears spend the summer fattening up because they lose about one-third of
their body weight during the winter. It’s an interesting scientific phenomenon.
The <i>Katmai</i> <i>National Park Service</i> website explained: <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 34.2pt; margin-top: 0in;">
<span style="font-size: 12.0pt;">“Hibernation
is a state of dormancy that allows animals to avoid periods of famine. It takes
many forms in mammals but is particularly remarkable in bears…After a summer
and fall spent gorging on food, a bear’s physiology and metabolism shifts in
rather incredible ways to help them survive several months without food or
water.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">In
Katmai, conservancy media rangers select twelve participants from among the
park’s 2,000 bears and post before-and-after photos on social media to showcase
the effects of summer feasting. People near and far can participate by watching
bear cams. There is even an ursine madness bracket where voters choose the fat
bear that wins each pairing, and the crowd favorite moves on to the next
match-up. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">This
year, the Fat Bear Week champion was number 435, a.k.a. Holly. The Katmai
announcement touting 435’s win stated, “All hail Holly whose healthy heft will
help her hibernate until the spring. Long live the Queen of Corpulence!” <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">“If we had
no winter, the spring would not be so pleasant: if we did not sometimes taste
of adversity, prosperity would not be so welcome.”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i><span style="background: white; color: #181818; font-size: 12.0pt;">--Anne Bradstreet, Poet<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "edwardian script itc"; font-size: 26.0pt;">Leif
M. Hagen</span></b><span style="font-size: 12.0pt;"><br />
Leif M. Hagen, CLU, ChFC<br />
LPL Financial Advisor<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgW8wqW0Fj30VTorvpYA_sA7LtdNM74jwtRtZmmkCEIVa2baS-4uCMJ-rvdQLPtgFS1cE3x6EbHUdNK6bxA3Qsiw5lgpokj2HYJRwvl1Y1jf2fYluCISdID9K4oXaWrIvLDa80geJ2iQHqx/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgW8wqW0Fj30VTorvpYA_sA7LtdNM74jwtRtZmmkCEIVa2baS-4uCMJ-rvdQLPtgFS1cE3x6EbHUdNK6bxA3Qsiw5lgpokj2HYJRwvl1Y1jf2fYluCISdID9K4oXaWrIvLDa80geJ2iQHqx/s320/OfficeTeamPhoto.jpg" width="320" /></a></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week,” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network,
Inc.; 4640 Nicols Rd – Suite #203; Eagan, MN 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.bloomberg.com/news/articles/2019-11-15/stocks-breeze-to-records-as-trade-hopes-cover-up-economic-gloom?srnd=markets-vp"><span style="font-size: 11.0pt;">https://www.bloomberg.com/news/articles/2019-11-15/stocks-breeze-to-records-as-trade-hopes-cover-up-economic-gloom?srnd=markets-vp</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.economist.com/finance-and-economics/2019/11/14/the-improved-mood-in-financial-markets"><span style="font-size: 11.0pt;">https://www.economist.com/finance-and-economics/2019/11/14/the-improved-mood-in-financial-markets</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-18-19_TheEconomist-The_Improved_Mood_in_Financial_Markets-Footnote_2.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-18-19_TheEconomist-The_Improved_Mood_in_Financial_Markets-Footnote_2.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.federalreserve.gov/newsevents/testimony/powell20191113a.htm"><span style="font-size: 11.0pt;">https://www.federalreserve.gov/newsevents/testimony/powell20191113a.htm</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.barrons.com/articles/next-stop-dow-30-000-it-could-happen-51573871667?mod=hp_DAY_1"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/next-stop-dow-30-000-it-could-happen-51573871667?mod=hp_DAY_1</span></a><span style="font-size: 11.0pt;"> <span style="color: black; mso-themecolor: text1;">(<i>or
go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-18-19_Barrons-Next_Stop-Dow_30000-It_Could_Happen-Footnote_4.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-18-19_Barrons-Next_Stop-Dow_30000-It_Could_Happen-Footnote_4.pdf</span></a><span style="color: black; font-size: 11.0pt;">)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://investinganswers.com/dictionary/b/bullbear-ratio"><span style="font-size: 11.0pt;">https://investinganswers.com/dictionary/b/bullbear-ratio</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.yardeni.com/pub/stmktbullbear.pdf"><span style="font-size: 11.0pt;">https://www.yardeni.com/pub/stmktbullbear.pdf</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-18-19_Yardeni-Stock_Market_Indicators-Bull_Bear_Ratios-Footnote_6.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-18-19_Yardeni-Stock_Market_Indicators-Bull_Bear_Ratios-Footnote_6.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.npr.org/2019/10/06/767384374/its-fat-bear-week-in-alaska-s-katmai-national-park-time-to-fill-out-your-bracket"><span style="font-size: 11.0pt;">https://www.npr.org/2019/10/06/767384374/its-fat-bear-week-in-alaska-s-katmai-national-park-time-to-fill-out-your-bracket</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.npr.org/2019/10/09/768475870/stuffed-with-sockeye-salmon-holly-wins-fat-bear-week-heavyweight-title"><span style="font-size: 11.0pt;">https://www.npr.org/2019/10/09/768475870/stuffed-with-sockeye-salmon-holly-wins-fat-bear-week-heavyweight-title</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.nps.gov/katm/blogs/bear-hibernation.htm"><span style="font-size: 11.0pt;">https://www.nps.gov/katm/blogs/bear-hibernation.htm</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.goodreads.com/quotes/tag/winter"><span style="font-size: 11.0pt;">https://www.goodreads.com/quotes/tag/winter</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"><br />
</span></span><span style="background: whitesmoke; color: #111111; font-family: "helvetica" , sans-serif; font-size: 10.5pt;">Photo
by </span><a href="https://unsplash.com/@zmachacek?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; widows: 2; word-spacing: 0px;"><span style="background: whitesmoke; color: #767676; font-family: "helvetica" , sans-serif; font-size: 10.5pt;">Zdeněk
Macháček</span></a><span style="background: whitesmoke; color: #111111; font-family: "helvetica" , sans-serif; font-size: 10.5pt;"><span style="-webkit-text-stroke-width: 0px; float: none; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; widows: 2; word-spacing: 0px;"> on </span></span><a href="https://unsplash.com/s/photos/bear?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; widows: 2; word-spacing: 0px;"><span style="background: whitesmoke; color: #767676; font-family: "helvetica" , sans-serif; font-size: 10.5pt;">Unsplash</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd #203, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395tag:blogger.com,1999:blog-5614622820149022815.post-34324603702582369072019-11-11T11:14:00.002-06:002020-01-16T11:02:55.548-06:00Historic highs and bewildering 'new math'<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwKfWWTJpwxEw_Kd3Z0lqFNWh7iumMauWhMl3_IouctTvADyBNcPW1OT_d7599f2_w2q9RziPRoTKE3gJmWyfShHTG0L3kKh5f2_aijh4xMDEghLkbCQmiebrGHSRViY_5O2mkBkYDuKAF/s1600/jeshoots-com-5EKw8Z7CgE4-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwKfWWTJpwxEw_Kd3Z0lqFNWh7iumMauWhMl3_IouctTvADyBNcPW1OT_d7599f2_w2q9RziPRoTKE3gJmWyfShHTG0L3kKh5f2_aijh4xMDEghLkbCQmiebrGHSRViY_5O2mkBkYDuKAF/s400/jeshoots-com-5EKw8Z7CgE4-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt;">Peek of the Week</span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">
“Market Commentary”<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">November 11, 2019<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Last
week, major United States stock indices finished at historic highs.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">According
to a source cited by <i>Barron’s</i>, U.S. stock markets are responsible for
creating $6 trillion in paper wealth this year.<sup> </sup>‘Paper’ wealth is
when an asset is estimated to be worth a specific amount. The wealth becomes
‘real’ when the asset is sold.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">If
you’re having difficulty comprehending $6 trillion, imagine this: 3,786 miles
of stacked $100 bills. That’s about 15 times higher than the space station.
It’s roughly the distance of a drive from the East Coast to the West Coast of
the United States and about halfway back again.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">To
date, 2019 has been an exceptional year for U.S. stocks. At the end of last
week, the Dow Jones Industrial Average was up 18.7 percent year-to-date, the
S&P 500 had gained 23.4 percent, and the Nasdaq Composite had risen 27.7
percent.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Returns
like these sometimes inspire investors to ignore their risk tolerance and
increase allocations to U.S. stocks. That may not be a wise move. In an article
titled, ‘How not to understand money,’ <i>Financial Times</i> explained:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 34.2pt; margin-top: 0in;">
<span style="font-size: 12.0pt;">“One
of the first things to know about equity investing is that stocks go up as well
as down, and even the most successful ones never go up in a straight skyward
trajectory.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">There
is a theory which holds that, over time, returns revert to the mean. <i>Investopedia</i>
describes the phenomenon like this:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 34.2pt; margin-top: 0in;">
<span style="font-size: 12.0pt;">“A
reversion to the mean involves retracing any condition back to a previous
state. In cases of mean reversion, the thought is that any price that strays
far from the long-term norm will again return, reverting to its understood
state.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Since
the current U.S. bull market in stocks has delivered above average returns for
more than a decade, some analysts anticipate future returns may be less robust
as returns revert to the mean.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Suffice
it to say, it’s not a good idea to be lured into holding more stocks because
recent returns have been exceptional. Those returns are, after all, in the
past.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; margin-left: -.25pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "times new roman" , serif; font-size: 10.0pt;"><br clear="all" style="page-break-before: always;" />
</span>
<br />
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
11/8/19<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Standard & Poor’s 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.9%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">23.4%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">10.2%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">13.1%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">8.7%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.0%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">14.3<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">6.9<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">6.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.0<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.5<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.7<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.9<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.5<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">-3.0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">14.2<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">19.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.8<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><div class="MsoNormal" style="margin-right: -1.8pt;">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-0.4<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
4.2<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-4.0<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-1.6<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-7.3<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70"><div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-5.0<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="color: white; font-size: 8.0pt;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) and the three-, five-, and 10-year returns are annualized; and
the 10-year Treasury Note is simply the yield at the close of the day on each
of the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not
applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">The
newest new math. </span></b><span style="font-size: 12.0pt;">If you learned ‘old’
math, you may find ‘new’ math bewildering, and that can make helping with
homework really challenging. It’s possible we’ll soon have an even newer math
curriculum.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Many
Americans learned old math: addition and subtraction, multiplication tables,
and long division. Some may have absorbed linear equations in algebra and
isosceles triangles in geometry. The new math entails a similar but different
skill set. For instance, new math requires students to:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">Solve 12 times 37
using box multiplication <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">Answer 10 minus 7
using a 10-frame <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">Solve 57 minus 14
using base ten subtraction<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">Explain how to
decompose numbers<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">Solve word
problems using an open number line<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-autospace: ideograph-numeric ideograph-other;">
<span style="color: black; font-size: 12.0pt;">If you are familiar with any of these new
problem-solving methods, congratulations! You are ahead of the curve.</span><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Unfortunately,
the new math hasn’t been improving Americans’ performance on the Program for
International Student Assessment (PISA), a standardized test administered in 70
countries. In 2018, the U.S. placed 39<sup>th</sup> in math.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Jo
Boaler, the Nomellini-Olivier Professor of Mathematics Education at Stanford
University, and Steven Levitt, an economist and author, think we need to change
what we’re teaching. In an opinion piece in the <i>Los Angeles Times</i>, they wrote:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 34.2pt; margin-top: 0in;">
<span style="font-size: 12.0pt;">“What
we propose is as obvious as it is radical: to put data and its analysis at the
center of high school mathematics. Every high school student should graduate
with an understanding of data, spreadsheets, and the difference between
correlation and causality. Moreover, teaching students to make data-based
arguments will endow them with many of the same critical-thinking skills they
are learning today through algebraic proofs, but also give them more practical
skills for navigating our newly data-rich world.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Get
ready for 21<sup>st</sup> century math!<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">“Instead of
being like a circus where the trainer uses his stick to make animals do stunts
to serve the interest of the audience, the system of education should be like
an orchestra where the conductor waves his stick to orchestrate the music
already within the musicians’ hearts in the most beautiful manner. The teacher
should be like the conductor in the orchestra, not the trainer in the circus.”<o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i><span style="background: white; color: #181818; font-size: 12.0pt;">--Abhijit Naskar, Neuroscientist and author<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "edwardian script itc"; font-size: 26.0pt;">Leif
M. Hagen<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Leif
M. Hagen, CLU, ChFC<br />
LPL Financial Advisor<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk as
well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week,” <span style="mso-spacerun: yes;"> </span>please reply to this email with “Unsubscribe”
in the subject line or write us at: Hagen Financial Network, Inc.; 4640 Nicols
Road – Suite #203; Eagan, MN 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.barrons.com/articles/stocks-keep-hitting-record-highs-where-to-find-values-now-51573261145?mod=hp_DAY_1"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/stocks-keep-hitting-record-highs-where-to-find-values-now-51573261145?mod=hp_DAY_1</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;"> (<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-11-19_Barrons-Stocks_Keep_Hitting_Record_Highs-Where_to_Find_Values_Now-Footnote_1.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-11-19_Barrons-Stocks_Keep_Hitting_Record_Highs-Where_to_Find_Values_Now-Footnote_1.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://corporatefinanceinstitute.com/resources/knowledge/valuation/paper-wealth/"><span style="font-size: 11.0pt;">https://corporatefinanceinstitute.com/resources/knowledge/valuation/paper-wealth/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.thecalculatorsite.com/articles/finance/how-much-is-a-trillion.php"><span style="font-size: 11.0pt;">https://www.thecalculatorsite.com/articles/finance/how-much-is-a-trillion.php</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.worldatlas.com/webimage/countrys/namerica/usstates/uslandst.htm"><span style="font-size: 11.0pt;">https://www.worldatlas.com/webimage/countrys/namerica/usstates/uslandst.htm</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://ftalphaville.ft.com/2019/11/07/1573161957000/How--not-to-understand-money-/"><span style="font-size: 11.0pt;">https://ftalphaville.ft.com/2019/11/07/1573161957000/How--not-to-understand-money-/</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-11-19_FinancialTimes-How_Not_to_Understand_Money-Footnote_5.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-11-19_FinancialTimes-How_Not_to_Understand_Money-Footnote_5.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.investopedia.com/terms/m/meanreversion.asp"><span style="font-size: 11.0pt;">https://www.investopedia.com/terms/m/meanreversion.asp</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.investopedia.com/why-morgan-stanley-says-the-60-40-portfolio-is-doomed-4775352"><span style="font-size: 11.0pt;">https://www.investopedia.com/why-morgan-stanley-says-the-60-40-portfolio-is-doomed-4775352</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="http://theconversation.com/the-common-core-is-todays-new-math-which-is-actually-a-good-thing-46585"><span style="font-size: 11.0pt;">http://theconversation.com/the-common-core-is-todays-new-math-which-is-actually-a-good-thing-46585</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.understood.org/en/school-learning/learning-at-home/homework-study-skills/9-new-math-problems-and-methods"><span style="font-size: 11.0pt;">https://www.understood.org/en/school-learning/learning-at-home/homework-study-skills/9-new-math-problems-and-methods</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="http://factsmaps.com/pisa-worldwide-ranking-average-score-of-math-science-reading/"><span style="font-size: 11.0pt;">http://factsmaps.com/pisa-worldwide-ranking-average-score-of-math-science-reading/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.latimes.com/opinion/story/2019-10-23/math-high-school-algebra-data-statistics"><span style="font-size: 11.0pt;">https://www.latimes.com/opinion/story/2019-10-23/math-high-school-algebra-data-statistics</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.goodreads.com/quotes/tag/education-reform"><span style="font-size: 11.0pt;">https://www.goodreads.com/quotes/tag/education-reform</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="background: whitesmoke; color: #111111; font-family: "helvetica" , sans-serif; font-size: 10.5pt;">Photo by </span><a href="https://unsplash.com/@jeshoots?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; widows: 2; word-spacing: 0px;"><span style="background: whitesmoke; color: #767676; font-family: "helvetica" , sans-serif; font-size: 10.5pt;">JESHOOTS.COM</span></a><span style="background: whitesmoke; color: #111111; font-family: "helvetica" , sans-serif; font-size: 10.5pt;"><span style="-webkit-text-stroke-width: 0px; float: none; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; widows: 2; word-spacing: 0px;"> on </span></span><a href="https://unsplash.com/s/photos/math?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; widows: 2; word-spacing: 0px;"><span style="background: whitesmoke; color: #767676; font-family: "helvetica" , sans-serif; font-size: 10.5pt;">Unsplash</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd #203, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395tag:blogger.com,1999:blog-5614622820149022815.post-57896420394163228402019-11-08T08:55:00.000-06:002020-01-16T11:03:19.809-06:00Gratitude for Our Veterans<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_vwkfq2Ql8YBV8E-OvOcoV-Z997WhMCpbGSVpxJnYQDGj56Woe3WeOOylCy00ww6RflUejN5kkfmj92iLdtPv6giT-dujCJiZLJc8P4Phb5SSEG_lRDhIeeXmHSAOtlpoJiW87culLpNz/s1600/justin-casey-czUZsoee6XI-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1143" data-original-width="1600" height="285" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_vwkfq2Ql8YBV8E-OvOcoV-Z997WhMCpbGSVpxJnYQDGj56Woe3WeOOylCy00ww6RflUejN5kkfmj92iLdtPv6giT-dujCJiZLJc8P4Phb5SSEG_lRDhIeeXmHSAOtlpoJiW87culLpNz/s400/justin-casey-czUZsoee6XI-unsplash.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #4472c4; font-family: "arial" , sans-serif; font-size: 26.0pt;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #00b050; font-family: "arial" , sans-serif; font-size: 16.0pt;">Veteran’s Day
Commentary<br />
November 8, 2019</span></b><span style="color: black; font-family: "times new roman" , serif; font-size: 13.5pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Gratitude for Our
Veterans<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">There are more than 20 million veterans living across the United
States. These men and women fought in World War II, the Korean War, the Vietnam
War, the Gulf War, the Iraq War, the War in Afghanistan, which continues today,
and many other wars, operations, interventions, and encounters.<sup>1</sup> Our
veterans deserve our gratitude for their service and sacrifice. There are many
ways to show appreciation. You can:<sup>2</sup><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Attend a Veteran’s Day event<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Celebrate family members who have
served<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Fly the United States flag<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Make a donation to a veteran’s
organization<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Talk with veterans about their service<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Hand-write and send a card or postcard
to a veteran<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Visit a VA hospital<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">To all veterans, we offer a heartfelt ‘Thank you!’ Happy Veteran’s
Day!!!<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Best regards,</span></div>
<br />
<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="color: #0070c0; font-family: "edwardian script itc"; font-size: 26.0pt;">Leif
M. Hagen</span></b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br />
Leif M. Hagen, CLU ChFC<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">LPL Financial Advisor <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhboNVeYtIsI4qXT0rni7hSSnvdaPJUh7LdIwG12pFYIlBSNvXC1gO4SdPnPezaRchyphenhyphen8KJkR2ylxzSxFzND0h48uuNaatOS7AwHKlJ6e69d6oEUxksy3jmziBGSscjw1phg87HXW_kuOnA8/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhboNVeYtIsI4qXT0rni7hSSnvdaPJUh7LdIwG12pFYIlBSNvXC1gO4SdPnPezaRchyphenhyphen8KJkR2ylxzSxFzND0h48uuNaatOS7AwHKlJ6e69d6oEUxksy3jmziBGSscjw1phg87HXW_kuOnA8/s200/OfficeTeamPhoto.jpg" width="200" /></a></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
</div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;">
<span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;">
<sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">1</span></sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> </span><a href="https://en.wikipedia.org/wiki/List_of_wars_fought_by_the_United_States"><span style="color: blue; font-size: 10.0pt;">https://en.wikipedia.org/wiki/List_of_wars_fought_by_the_United_States</span></a><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;">
<sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">2</span></sup><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> </span><a href="https://www.military.com/veterans-day/8-ways-to-express-appreciation-on-veterans-day.html"><span style="color: blue; font-size: 10.0pt;">https://www.military.com/veterans-day/8-ways-to-express-appreciation-on-veterans-day.html</span></a><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;">
<br /></div>
<div class="MsoListParagraph" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "wingdings"; font-size: 10.0pt;"><span style="mso-list: Ignore;">v<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The
above material was prepared by Carson Coaching.</span><span style="background-color: whitesmoke; color: #111111; font-family: , "blinkmacsystemfont" , "san francisco" , "helvetica neue" , "helvetica" , "ubuntu" , "roboto" , "noto" , "segoe ui" , "arial" , sans-serif; font-size: 14px; text-indent: 0px; white-space: nowrap;">Photo by </span><a href="https://unsplash.com/@justcasey76?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="background-color: whitesmoke; box-sizing: border-box; color: #767676; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; text-decoration-skip-ink: auto; text-indent: 0px; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; white-space: nowrap;">Justin Casey</a><span style="background-color: whitesmoke; color: #111111; font-family: , "blinkmacsystemfont" , "san francisco" , "helvetica neue" , "helvetica" , "ubuntu" , "roboto" , "noto" , "segoe ui" , "arial" , sans-serif; font-size: 14px; text-indent: 0px; white-space: nowrap;"> on </span><a href="https://unsplash.com/s/photos/american-grave?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="background-color: whitesmoke; box-sizing: border-box; color: #767676; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; text-decoration-skip-ink: auto; text-indent: 0px; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; white-space: nowrap;">Unsplash</a><span style="font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></div>
<div style="text-align: left;">
<br /></div>
Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd #203, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395tag:blogger.com,1999:blog-5614622820149022815.post-56730041655277537752019-11-04T11:19:00.002-06:002020-01-16T11:03:37.812-06:00Opportunities for investors<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-8tR9KA2ahvXcm6LL6WAee8QJ7z3MNn7qIhyIRs_mdh9WF912ljDaLbRlPbSTI6tBhQsJvPFrrNFkr6sNcIyusPnYfdjsxTX3FdTQlFvq3LdgRsfqRvYjwfTqJp36R8C1pZg_eK0ytnEa/s1600/clear-blue-sky-over-parking-structure.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-8tR9KA2ahvXcm6LL6WAee8QJ7z3MNn7qIhyIRs_mdh9WF912ljDaLbRlPbSTI6tBhQsJvPFrrNFkr6sNcIyusPnYfdjsxTX3FdTQlFvq3LdgRsfqRvYjwfTqJp36R8C1pZg_eK0ytnEa/s400/clear-blue-sky-over-parking-structure.jpg" width="400" /></a></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt; mso-themecolor: accent1;">“Peek of the Week”</span></b><b><span style="color: #00b050; font-size: 16.0pt;"><br />
Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">November 4, 2019<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">They
did it.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">The
Federal Reserve lowered interest rates last week, as expected. There were no enthusiastic
fans singing the Baby Shark song, but the Federal Open Market Committee’s
decision was well received.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<i style="mso-bidi-font-style: normal;"><span style="font-size: 12.0pt;">Reuters</span></i><span style="font-size: 12.0pt;"> reported, “Gaps between market expectations and the
Fed’s own outlook have been wide at times this year, a source of concern for
policymakers who don’t want to kowtow to markets, but also don’t want to
surprise or disrupt them. But, the two are now roughly in line with the idea
that the Fed is on hold and the economy continuing to chug along, a fact
highlighted by data showing 128,000 jobs were created in October…”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Last
week’s unemployment report was full of good news. It reported job gains and moderate
pay increases, according to <i style="mso-bidi-font-style: normal;">Barron’s</i>,
but there was a counterintuitive twist. The unemployment rate increased even
though the economy added new jobs. That was good news, too, because it meant
more people are returning to the workforce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">The
only bad news was found in manufacturing. The October ISM manufacturing index
ticked higher, but remains in contraction territory. <i style="mso-bidi-font-style: normal;">CNBC</i> reported, “Manufacturing has been at the heart of the
economy’s sluggishness, with a drop in business investment a big reason for the
third quarter’s sluggish 1.9 percent [economic] growth pace.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<i style="mso-bidi-font-style: normal;"><span style="font-size: 12.0pt;">Barron’s</span></i><span style="font-size: 12.0pt;"> attributed softness in manufacturing to the ongoing
U.S.-China trade war.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">By
the end of the day on Friday, the Standard & Poor’s 500 Index had closed at
a record high three times in five days. The Nasdaq Composite also reached a
record high.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; margin-left: 5.4pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "Times New Roman",serif; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-themecolor: text1;"><br clear="all" style="page-break-before: always;" />
</span>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
11/1/19<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Standard & Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.5%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">22.3%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.9%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">13.3%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">8.7%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.4%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.2<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">13.4<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">8.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">5.6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.9<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.8<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.7<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.4<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">-0.3<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">17.7<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">22.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">5.4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">5.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.6<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
1.0<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
4.6<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-4.0<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-1.7<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-7.4<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-4.9<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: white; font-size: 8.0pt; mso-bidi-font-size: 12.0pt; mso-color-alt: windowtext;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) and the three-, five-, and 10-year returns are annualized; and
the 10-year Treasury Note is simply the yield at the close of the day on each
of the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not
applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">what
will we do with Parking garages? </span></b><span style="font-size: 12.0pt;">As
the popularity of ride-sharing services and personal transportation options (like
scooters and bicycles) grows, the need for cars in urban areas may diminish.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">The
arrival of autonomous vehicles could reduce demand even further.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<i style="mso-bidi-font-style: normal;"><span style="font-size: 12.0pt;">Pew Research</span></i><span style="font-size: 12.0pt;"> explained, “By 2030, 15 percent of new cars sold will
be totally autonomous, according to one estimate. One in 10 will be shared. And,
as it becomes easier for people to summon shared or autonomous cars when they
need them, fewer people will want to own their own vehicle, meaning fewer cars
overall.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">So,
what’s going to happen to all of the parking garages?<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">There
are a lot of interesting ideas about how parking garages might be repurposed.
Some companies plan to reserve the spaces for autonomous vehicles. Others are remodeling
garages to accommodate businesses and services.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">For
example, one company is buying properties with the intention of turning them
into “commercial kitchens for delivery-only restaurants and other consumer
services.” Other possibilities include:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">Recreational
areas<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">Gyms<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">Movie theaters<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">E-commerce
distribution centers<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">Flood protection
areas <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">Urban farms<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">Apartment
buildings<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">The
co-CEO of an architecture and design firm told <i style="mso-bidi-font-style: normal;">Axios News</i>, “An obvious and functional challenge we face is that
these structures were not originally designed for human habitation. These
spaces often require us to raise the floor height, level the floors between
ramps and incorporate design techniques that bring natural light into the
space.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Redeveloping
parking garages may be challenging and costly, but it could create
opportunities for investors. <span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">“Before you
become too entranced with gorgeous gadgets and mesmerizing video displays, let
me remind you that information is not knowledge, knowledge is not wisdom, and
wisdom is not foresight. Each grows out of the other, and we need them all.” <o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i style="mso-bidi-font-style: normal;"><span style="background: white; color: #181818; font-size: 12.0pt;">--Arthur
C. Clarke, Science fiction writer and futurist<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "Edwardian Script ITC"; font-size: 26.0pt; mso-themecolor: accent1;">Leif
M. Hagen<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Leif
M. Hagen, CLU ChFC<br />
LPL Financial Advisor<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJu6qFcdWcTDZHBGnIfAt9jwMB5UyRMi36GBO34-wdRwKICt-RSdMk9TGM4VoKY7JDWoY8S3o4kXoe6zEb-fDrAYuvNDayf9kIeI5dG_66ypaab2nwB_pI84GksmsisLYrrswoewyIYAiE/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJu6qFcdWcTDZHBGnIfAt9jwMB5UyRMi36GBO34-wdRwKICt-RSdMk9TGM4VoKY7JDWoY8S3o4kXoe6zEb-fDrAYuvNDayf9kIeI5dG_66ypaab2nwB_pI84GksmsisLYrrswoewyIYAiE/s320/OfficeTeamPhoto.jpg" width="320" /></a></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week,” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network,
Inc.; 4640 Nicols Road – Suite #203; Eagan, MN 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.reuters.com/article/us-usa-fed/after-year-long-bumpy-ride-fed-appears-to-make-soft-landing-idUSKBN1XB4DD"><span style="font-size: 11.0pt;">https://www.reuters.com/article/us-usa-fed/after-year-long-bumpy-ride-fed-appears-to-make-soft-landing-idUSKBN1XB4DD</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.barrons.com/articles/what-the-perfect-jobs-report-means-51572627916"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/what-the-perfect-jobs-report-means-51572627916</span></a><span style="font-size: 11.0pt;"> <span style="color: black; mso-themecolor: text1;">(<i>or
go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-04-19_Barrons-This_Perfect_Jobs_Report_Looks_Like_a_Game-Changer-Footnote_2.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/11-04-19_Barrons-This_Perfect_Jobs_Report_Looks_Like_a_Game-Changer-Footnote_2.pdf</span></a><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.cnbc.com/2019/10/31/jobs-numbers-out-friday-but-another-report-could-be-more-important.html"><span style="font-size: 11.0pt;">https://www.cnbc.com/2019/10/31/jobs-numbers-out-friday-but-another-report-could-be-more-important.html</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.reuters.com/article/us-usa-stocks/sp-500-nasdaq-set-records-on-jobs-data-trade-headway-idUSKBN1XB3ZD"><span style="font-size: 11.0pt;">https://www.reuters.com/article/us-usa-stocks/sp-500-nasdaq-set-records-on-jobs-data-trade-headway-idUSKBN1XB3ZD</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.axios.com/the-future-of-parking-near-and-far-2c91eec1-32ef-4347-bd6a-fe1c91aad657.html"><span style="font-size: 11.0pt;">https://www.axios.com/the-future-of-parking-near-and-far-2c91eec1-32ef-4347-bd6a-fe1c91aad657.html</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2017/12/12/why-downtown-parking-garages-may-be-headed-for-extinction"><span style="font-size: 11.0pt;">https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2017/12/12/why-downtown-parking-garages-may-be-headed-for-extinction</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.axios.com/newsletters/axios-cities-3c36bdfc-2b64-4926-85c9-a58a4369058f.html"><span style="font-size: 11.0pt;">https://www.axios.com/newsletters/axios-cities-3c36bdfc-2b64-4926-85c9-a58a4369058f.html</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<a href="https://www.goodreads.com/quotes/tag/technology"><span style="font-size: 11.0pt;">https://www.goodreads.com/quotes/tag/technology</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="background-color: white;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Helvetica, sans-serif;">Photo by </span><a href="https://burst.shopify.com/@josesilva?utm_campaign=photo_credit&utm_content=Browse+Free+HD+Images+of+Clear+Blue+Sky+Over+Parking+Structure&utm_medium=referral&utm_source=credit" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; cursor: pointer; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; touch-action: manipulation; widows: 2; word-spacing: 0px;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Helvetica, sans-serif;">Jose
Silva</span></a><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Helvetica, sans-serif;"><span style="-webkit-text-stroke-width: 0px; float: none; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-decoration-color: initial; text-decoration-style: initial; widows: 2; word-spacing: 0px;"> from </span></span><a href="https://burst.shopify.com/api-city?utm_campaign=photo_credit&utm_content=Browse+Free+HD+Images+of+Clear+Blue+Sky+Over+Parking+Structure&utm_medium=referral&utm_source=credit" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; cursor: pointer; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; touch-action: manipulation; widows: 2; word-spacing: 0px;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Helvetica, sans-serif;">Burst</span></a></span><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd #203, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395tag:blogger.com,1999:blog-5614622820149022815.post-85919199064594205832019-10-30T08:41:00.000-05:002019-10-30T08:41:04.166-05:00Save money with a green Halloween!<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;"><br /></span></b></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcjO3uzvJ9V6f4qOrOGGXBx8TCRti0Y0Um455F04gLNmdj_h8vavrBIv1YoFsv7ASqCfC4M6PIMBJsbnEXGzHFubj_0NKb7oM9coCkKGW9ASpLyzmNXWidpD6TeOJ8sEdhznmPwt0enGbv/s1600/david-menidrey-MYRG0ptGh50-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcjO3uzvJ9V6f4qOrOGGXBx8TCRti0Y0Um455F04gLNmdj_h8vavrBIv1YoFsv7ASqCfC4M6PIMBJsbnEXGzHFubj_0NKb7oM9coCkKGW9ASpLyzmNXWidpD6TeOJ8sEdhznmPwt0enGbv/s320/david-menidrey-MYRG0ptGh50-unsplash.jpg" width="320" /></a></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #4472c4; font-family: "arial" , sans-serif; font-size: 26.0pt;"> </span></b><b><span style="color: #4472c4; font-family: "arial" , sans-serif; font-size: 26.0pt;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #00b050; font-family: "arial" , sans-serif; font-size: 16.0pt;">Halloween Commentary<br />
October 30, 2019</span></b><span style="font-family: "times new roman" , serif; font-size: 13.5pt;"><o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #00b050; font-family: "arial" , sans-serif; font-size: 16.0pt;"><br /></span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #00b050; font-family: "arial" , sans-serif; font-size: 16.0pt;"><br /></span></b></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">Save Money with a
Green Halloween!<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">Americans expect to spend $8.8 billion on costumes, decorations,
candy, and other Halloween purchases, according to the <i style="mso-bidi-font-style: normal;">National Retail Federation</i>.<sup>1</sup><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">That’s enough money to purchase the New England Patriots ($3.8
billion), the Los Angeles Dodgers ($3.3 billion), the Hannah Montana franchise
($1 billion), Balmoral Castle in Scotland ($140 million), a private jet ($150
million), and still have a few hundred million left for incidentals.<sup>2, 3</sup><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">If you’d like to save on this holiday so you can spend your money
on items with lasting value, consider going green. Taking an eco-friendly
approach to Halloween could help you spend less without sacrificing spookiness.
Here are a few suggestions:<sup>4, 5</sup><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l1 level1 lfo2;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">Swap costumes.</span></b><span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;"> Host a
costume swap. Invite friends, family, or your entire neighborhood. The
more guests, the greater the variety of costumes and sizes.<o:p></o:p></span></li>
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l1 level1 lfo2;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">Skip the candy.</span></b><span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;"> <i style="mso-bidi-font-style: normal;">Green America</i> reported children
appreciate bubbles, polished stones, recycled pencils, and friendship
bracelets.<o:p></o:p></span></li>
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l1 level1 lfo2;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">Use your ingenuity.</span></b><span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;"> Instead of
scaring your neighbors with pricey, electric-powered inflatables from a
big box store, use your ingenuity. Hang tin can ghosts in trees. Cut eyes
in toilet paper tubes and use glow sticks or LED lights to make it look
like wolves are peering from your bushes. Fill black trash bags with
leaves raked up from your lawn and add yellow eyes for a spooky cat.<o:p></o:p></span></li>
</ul>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">You can take any money you save and put it in a college savings
account for your kids, a start-your-own-business fund, or a retirement account.
If you’d like some more great saving ideas, give us a call.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">Happy Halloween!<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="color: #0070c0; font-family: "edwardian script itc"; font-size: 26.0pt;">Leif
M. Hagen</span></b><span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;"><br />
Leif M. Hagen, CLU ChFC<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">LPL Financial Advisor <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2Jv4X66msmPgWz16oJxDCGlSZ2czUvPNcdN09VVL-T2Zx3ojwRV9VOpKE2gcC5qaMp56zP0VXRkr2Q6GiDjB_On303FbLI0JJdUdI1P3pUkJdBg5RMy9_n7AxLqC3CBLpYUptCS7acl2q/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2Jv4X66msmPgWz16oJxDCGlSZ2czUvPNcdN09VVL-T2Zx3ojwRV9VOpKE2gcC5qaMp56zP0VXRkr2Q6GiDjB_On303FbLI0JJdUdI1P3pUkJdBg5RMy9_n7AxLqC3CBLpYUptCS7acl2q/s200/OfficeTeamPhoto.jpg" width="200" /></a></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 10.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<sup><span style="font-size: 10.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">1</span></sup><span style="font-size: 10.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;"> </span><a href="https://nrf.com/media-center/press-releases/social-media-influencing-near-record-halloween-spending"><span style="color: blue; font-size: 10.0pt;">https://nrf.com/media-center/press-releases/social-media-influencing-near-record-halloween-spending</span></a><span style="color: blue; font-size: 10.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<sup><span style="font-size: 10.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">2</span></sup><span style="font-size: 10.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;"> </span><a href="https://markets.businessinsider.com/news/stocks/10-most-valuable-sports-franchises-2019-forbes-2019-7-1028380114#5-new-york-knicks-4-billion7"><span style="color: blue; font-size: 10.0pt;">https://markets.businessinsider.com/news/stocks/10-most-valuable-sports-franchises-2019-forbes-2019-7-1028380114#5-new-york-knicks-4-billion7</span></a><span style="color: blue; font-size: 10.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<sup><span style="font-size: 10.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">3</span></sup><span style="font-size: 10.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;"> </span><a href="https://www.rd.com/culture/what-can-a-billion-dollars-buy-you/"><span style="color: blue; font-size: 10.0pt;">https://www.rd.com/culture/what-can-a-billion-dollars-buy-you/</span></a><span style="color: blue; font-size: 10.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<sup><span style="font-size: 10.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">4</span></sup><span style="font-size: 10.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;"> </span><a href="https://www.greenamerica.org/green-living/green-your-halloween"><span style="color: blue; font-size: 10.0pt;">https://www.greenamerica.org/green-living/green-your-halloween</span></a><span style="color: blue; font-size: 10.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<sup><span style="font-size: 10.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">5</span></sup><span style="font-size: 10.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;"> </span><a href="https://homebnc.com/best-diy-halloween-outdoor-decorations/"><span style="color: blue; font-size: 10.0pt;">https://homebnc.com/best-diy-halloween-outdoor-decorations/</span></a><span style="color: blue; font-size: 10.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "wingdings"; font-size: 10.0pt;"><span style="mso-list: Ignore;">v<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 10.0pt; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-latin;">The above material was prepared by
Carson Coaching.<o:p></o:p></span></div>
<br />Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd - Suite 203, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395tag:blogger.com,1999:blog-5614622820149022815.post-64669382962524588212019-10-28T11:18:00.001-05:002019-10-28T11:18:47.453-05:00Investors are optimistic about growth<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEHmOmT_4dZILmqOJ3YSw1_I9HAxAqPac4bPtzdBuLs787kE5-0CUVmup6uDK-lyralXmkayppkbviCBQWGHMgnmWH6xekmtPCD9fdUspKvJXMKtznM88XNPR2yAi33UglQX3MxjvnSeze/s1600/austin-distel-EMPZ7yRZoGw-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEHmOmT_4dZILmqOJ3YSw1_I9HAxAqPac4bPtzdBuLs787kE5-0CUVmup6uDK-lyralXmkayppkbviCBQWGHMgnmWH6xekmtPCD9fdUspKvJXMKtznM88XNPR2yAi33UglQX3MxjvnSeze/s320/austin-distel-EMPZ7yRZoGw-unsplash.jpg" width="320" /></a></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt; mso-themecolor: accent1;"><o:p> </o:p></span></b><b><span style="color: #4f81bd; font-size: 26.0pt; mso-themecolor: accent1;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">October 28, 2019<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">More
money managers are feeling less bullish, but you sure couldn’t tell by the
performance of U.S. stock markets last week.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">So
far, 2019 has been a tremendous year for U.S. stocks. Through the end of last
week, the Standard & Poor’s 500 Index had gained more than 20 percent
year-to-date, the Dow Jones Industrial Index was up more than 15 percent, and
the Nasdaq Composite had risen more than 24 percent.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">All
three indices finished last week in positive territory. Lawrence Strauss of <i style="mso-bidi-font-style: normal;">Barron’s</i> reported signs that global
markets are stabilizing supported investors’ optimism. In addition, yields on 10-year
U.S. Treasury notes increased, which suggested “investors are more optimistic
about growth and overall economic prospects.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Despite
strength in U.S. markets year-to-date, <i style="mso-bidi-font-style: normal;">Barron’s
</i>most recent <i style="mso-bidi-font-style: normal;">Big Money Poll</i> found fewer
money managers are bullish than just one year ago when 56 percent anticipated
gains in the months ahead. When 134 money managers across the United States
were asked about their outlook for the next 12 months:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l1 level1 lfo2; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">27 percent were
bullish <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l1 level1 lfo2; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">42 percent were
neutral<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l1 level1 lfo2; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">31 percent were
bearish<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">That’s
the lowest level of bullishness in 20 years and the highest level of bearishness
since the mid-1990s.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<i style="mso-bidi-font-style: normal;"><span style="font-size: 12.0pt;">Barron’s</span></i><span style="font-size: 12.0pt;"> reported there could be a variety of reasons for the
change in attitude, including high valuations, an uncertain economic outlook,
or the divisive political environment.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">One
money manager commented, “There are so many different headlines to watch right
now…Brexit, trade, the economy, elections. Trying to predict them all correctly
is like trying to predict what the weather will be like in November 2020. We
might get things directionally correct, but getting them exactly right is a matter
of luck more than skill.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; margin-left: 5.4pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "Times New Roman",serif; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-themecolor: text1;"><br clear="all" style="page-break-before: always;" />
</span>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
10/25/19<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Standard & Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.2%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">20.6%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.7%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">12.1%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.0%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.0%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.2<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">12.1<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.9<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.9<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.3<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.6<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.6<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">18.1<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">23.0<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">6.0<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.7<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
1.1<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
3.6<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-6.1<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-2.6<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-7.4<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-5.2<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="color: white; font-size: 8.0pt; mso-bidi-font-size: 12.0pt; mso-color-alt: windowtext;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) and the three-, five-, and 10-year returns are annualized; and
the 10-year Treasury Note is simply the yield at the close of the day on each
of the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not
applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">how
much is too much? </span></b><span style="font-size: 12.0pt;">In 1986, <i>Fortune</i>
magazine asked Warren Buffett his thoughts on inheritance. He responded
children should receive, “…<span style="color: black;">enough money so that they
would feel they could do anything, but not so much that they could do nothing.”<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">It’s
an important question, even though relatively few Americans may need to grapple
with it. According to the <i style="mso-bidi-font-style: normal;">Federal Reserve</i>:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">55 percent of
inheritances are less than $50,000 <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">85 percent of
inheritances are less than $250,000<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">93 percent of
inheritances are less than $500,000<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">98 percent of
inheritances are less than $1 million<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="margin-right: -1.8pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-size: 12.0pt;">2 percent of
inheritances are more than $1 million<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">A
2015 survey conducted by <i style="mso-bidi-font-style: normal;">Merrill Lynch’s
Private Banking and Investment Group</i> found, “a majority (91 percent) of
people plan to leave the lion’s share of their wealth to family members,
motivated by a desire to positively influence the lives of loved ones. Yet the
results indicate that many see significant risk in passing on wealth without
context, conversation, guidance, or accountability.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">So,
how much is too much? Is there an amount of inheritance that will sap your
children’s motivation and undermine their work ethic? The answer may depend on
the source of the wealth, reported <i style="mso-bidi-font-style: normal;">The
Atlantic</i>:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 34.2pt; margin-top: 0in; text-autospace: ideograph-numeric ideograph-other;">
<span style="font-size: 12.0pt;">“Perspectives on what constitutes ‘too much’ seem to
vary depending in part on whether parents inherited their wealth or earned the
majority of it themselves. When significant wealth gets passed down through
multiple generations, inheritors can get the sense that ‘they’re just the
caretakers of it’, <span style="color: black;">which means they might be more
inclined to keep up the family tradition and will it to their own children…</span>Self-made
rich people can have a different relationship to their fortune, because they
have firsthand knowledge of what was required to amass it. As such, they might
be more interested in bequeathing not just money to their children, but a good
work ethic as well.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">If
you would like to discuss your legacy and its potential impact on your heirs,
give us a call.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="background: white; color: #181818; font-size: 12.0pt;">“We should
not forget that it will be just as important to our descendants to be
prosperous in their time as it is to us to be prosperous in our time.” <o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i><span style="background: white; color: #181818; font-size: 12.0pt;">--Theodore Roosevelt, 26<sup>th</sup> President
of the United States</span></i><span style="background: white; color: #181818; font-size: 12.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "Edwardian Script ITC"; font-size: 26.0pt; mso-themecolor: accent1;">Leif M.
Hagen</span></b><span style="color: red; font-size: 12.0pt;"><br />
</span><span style="font-size: 12.0pt;">Leif M. Hagen, CLU, ChFC<br />
LPL Financial Advisor<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj68Nr1zV52y6WsvVhnW2W1ivPrMVswA8kmTaLxfZpVI-t8M1ke-cLMELehjvvRyovLK5tfnjTAb6a05GqRnJB9cR4R96VAaLLIz3qJciSOwOtX01-V-t9nvlvW-7Y_FYtfdX7WCs4PXJXn/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj68Nr1zV52y6WsvVhnW2W1ivPrMVswA8kmTaLxfZpVI-t8M1ke-cLMELehjvvRyovLK5tfnjTAb6a05GqRnJB9cR4R96VAaLLIz3qJciSOwOtX01-V-t9nvlvW-7Y_FYtfdX7WCs4PXJXn/s200/OfficeTeamPhoto.jpg" width="200" /></a></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting
Representative, the Representative’s Broker/Dealer, or Registered Investment
Advisor, and should not be construed as investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. The volatility of indexes could be
materially different from that of a client’s portfolio. Unmanaged index returns
do not reflect fees, expenses, or sales charges. Index performance is not
indicative of the performance of any investment. You cannot invest directly in
an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The DJ Equity All REIT Total Return Index measures the total return performance
of the equity subcategory of the Real Estate Investment Trust (REIT) industry
as calculated by Dow Jones.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week,” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network,
Inc.; 4640 Nicols Rd #203; Eagan, MN 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.barrons.com/articles/barrons-big-money-poll-why-wall-street-is-scared-of-washington-51572045878?mod=hp_HERO"><span style="font-size: 12.0pt;">https://www.barrons.com/articles/barrons-big-money-poll-why-wall-street-is-scared-of-washington-51572045878?mod=hp_HERO</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;"> (<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/10-28-19_Barrons-Big_Money_Poll-Why_Wall_Street_is_Scared_of_Washington-Footnote_1.pdf"><span style="font-size: 12.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/10-28-19_Barrons-Big_Money_Poll-Why_Wall_Street_is_Scared_of_Washington-Footnote_1.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.barrons.com/market-data?mod=BOL_HAMNAV"><span style="font-size: 12.0pt;">https://www.barrons.com/market-data?mod=BOL_HAMNAV</span></a><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.barrons.com/articles/s-p-500-closes-the-week-with-a-record-just-out-of-reach-51572062633?refsec=the-trader"><span style="font-size: 12.0pt;">https://www.barrons.com/articles/s-p-500-closes-the-week-with-a-record-just-out-of-reach-51572062633?refsec=the-trader</span></a><span style="font-size: 12.0pt;"> <span style="color: black; mso-themecolor: text1;">(<i>or
go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/10-28-19_Barrons-The_SandP_Closed_Out_the_Week_Strong_but_Not_Strong_Enough-Footnote_3.pdf"><span style="font-size: 12.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/10-28-19_Barrons-The_SandP_Closed_Out_the_Week_Strong_but_Not_Strong_Enough-Footnote_3.pdf</span></a><span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://archive.fortune.com/magazines/fortune/fortune_archive/1986/09/29/68098/index.htm"><span style="font-size: 12.0pt;">https://archive.fortune.com/magazines/fortune/fortune_archive/1986/09/29/68098/index.htm</span></a><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.federalreserve.gov/econres/notes/feds-notes/how-does-intergenerational-wealth-transmission-affect-wealth-concentration-accessible-20180601.htm"><span style="font-size: 12.0pt;">https://www.federalreserve.gov/econres/notes/feds-notes/how-does-intergenerational-wealth-transmission-affect-wealth-concentration-accessible-20180601.htm</span></a><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://newsroom.bankofamerica.com/press-releases/global-wealth-and-investment-management/study-finds-parents-worry-large-inheritance"><span style="font-size: 12.0pt;">https://newsroom.bankofamerica.com/press-releases/global-wealth-and-investment-management/study-finds-parents-worry-large-inheritance</span></a><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.theatlantic.com/family/archive/2019/10/big-inheritances-how-much-to-leave/600703/"><span style="font-size: 12.0pt;">https://www.theatlantic.com/family/archive/2019/10/big-inheritances-how-much-to-leave/600703/</span></a><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.goodreads.com/quotes/tag/inheritance"><span style="font-size: 12.0pt;">https://www.goodreads.com/quotes/tag/inheritance</span></a><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
<span style="background-color: whitesmoke; color: #111111; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; white-space: nowrap;">Photo by </span><a href="https://unsplash.com/@austindistel?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="background-color: whitesmoke; box-sizing: border-box; color: #767676; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; white-space: nowrap;">Austin Distel</a><span style="background-color: whitesmoke; color: #111111; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; white-space: nowrap;"> on </span><a href="https://unsplash.com/s/photos/stock-market?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="background-color: whitesmoke; box-sizing: border-box; color: #767676; font-family: -apple-system, BlinkMacSystemFont, "San Francisco", "Helvetica Neue", Helvetica, Ubuntu, Roboto, Noto, "Segoe UI", Arial, sans-serif; font-size: 14px; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; white-space: nowrap;">Unsplash</a>Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd #203, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395tag:blogger.com,1999:blog-5614622820149022815.post-60527185694579707062019-10-21T11:49:00.000-05:002020-01-16T11:05:00.308-06:00Better-than-expected earnings<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiP_mBvnoRUClbDbkgKmq3SICVOSp3LsR9AWcIj1wSgpkARBM7cv7o15znMCtFYvrFcBSUde0uBTQVo0Pm9UwpG7rFniW__ct5glEqbxmJT4dSdiRSr9AVPg8poYJwJUjYiCEWh19T5Zbmr/s1600/dollar-bills-stuffed-in-piggy-bank.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiP_mBvnoRUClbDbkgKmq3SICVOSp3LsR9AWcIj1wSgpkARBM7cv7o15znMCtFYvrFcBSUde0uBTQVo0Pm9UwpG7rFniW__ct5glEqbxmJT4dSdiRSr9AVPg8poYJwJUjYiCEWh19T5Zbmr/s320/dollar-bills-stuffed-in-piggy-bank.jpg" width="320" /></a></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt; mso-themecolor: accent1;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">October 21, 2019<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Last week was like an overstuffed suitcase that busts open on the
baggage carousel. A lot was unpacked in a surprising and disorderly fashion.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">There was some positive news for investors who prioritize fundamentals.
Third quarter’s earnings season – the period of time when companies let
investors know how they performed during the previous quarter – got off to a
strong start.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">Fifteen percent of companies in the Standard & Poor’s 500 Index have
reported so far and 84 percent had earnings that beat analysts’ expectations. <i style="mso-bidi-font-style: normal;">FactSet</i> said better than expected
earnings from companies in the Healthcare and Financials sectors balanced the
weaker performance of companies in the Energy sector.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">There was some negative economic news, too. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">In the United States, retail sales declined in September. It was the
first monthly decline since February, reported <i style="mso-bidi-font-style: normal;">MarketWatch</i>, and analysts had expected an increase.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">In China, gross domestic product growth was 6 percent year-over-year,
the slowest growth rate since the 1990s, reported <i style="mso-bidi-font-style: normal;">Reuters</i>.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">On the geopolitical front, <i style="mso-bidi-font-style: normal;">The
Wall Street Journal</i> reported U.S. and European investors were cheered by
news that Britain and the European Union (EU) had reached an agreement under
which Britain could amicably exit the EU. That optimism was dashed on Saturday
when Parliament withheld approval of the deal until all supporting legislation
has been passed, reported <i>The </i><i style="mso-bidi-font-style: normal;">Washington
Post</i>.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">The world was also rocked by Turkey’s invasion of Syria.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-size: 12.0pt; mso-themecolor: text1;">At the end of the week, the Standard & Poor’s 500 Index and Nasdaq
Composite had held onto gains while the Dow Jones Industrials finished lower.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; margin-left: 5.4pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "Times New Roman",serif; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-themecolor: text1;"><br clear="all" style="page-break-before: always;" />
</span>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
10/18/19<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal">
<span style="mso-bidi-font-size: 12.0pt;">Standard &
Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.5%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">19.1%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">7.9%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.8%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.4%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">10.5%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global
ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.2<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">10.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.0<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.0<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury
Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.4<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.7<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">16.3<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">21.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">5.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.7<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
-0.2<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="text-align: center;">
2.5<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="text-align: center;">
-8.3<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="text-align: center;">
-3.1<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="text-align: center;">
-7.6<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="text-align: center;">
-5.4<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="color: white; font-size: 8.0pt; mso-bidi-font-size: 12.0pt; mso-color-alt: windowtext;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) and the three-, five-, and 10-year returns are annualized; and
the 10-year Treasury Note is simply the yield at the close of the day on each
of the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not
applicable.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">it’s that time
again. </span></b><span style="font-size: 12.0pt;">During the past few weeks, Nobel
Prize winners have been announced as well as Ig Nobel Prize winners. The Igs
are awarded for improbable research that makes people <i style="mso-bidi-font-style: normal;">laugh</i> and then <i style="mso-bidi-font-style: normal;">think</i>. A
lucky few have won both Ig Nobel and Nobel prizes.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">The honorees at the Ig Nobel
ceremony received their awards from “a group of genuine, genuinely bemused
Nobel Laureates, in Harvard’s historic and largest theater.” This year’s
winners included:<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt;">Medicine</span></b><span style="font-size: 12.0pt;">: Cancer
researcher Silvano Gallus and associates researched and wrote the paper, <i style="mso-bidi-font-style: normal;">Does Pizza Protect Against Cancer? </i>They
received the Ig Nobel for “collecting evidence that pizza might protect against
illness and death, if the pizza is made and eaten in Italy.”<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt;">Biology</span></b><span style="font-size: 12.0pt;">: A group
of researchers from the School of Physical and Mathematical Sciences at Nanyang
Technological University in Singapore were recognized for “discovering that
dead magnetized cockroaches behave differently than living magnetized
cockroaches.”<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt;">Engineering</span></b><span style="font-size: 12.0pt;">:
Iman Farahbakhsh of Iran was recognized for patenting an infant diaper changer
and washer. The patent explained, “…once the infant is placed inside the
apparatus, various steps may in some cases be carried out automatically without
needing the operator to touch the infant or interact manually with the diaper
or infant during the changing process…”<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt;">Economics</span></b><span style="font-size: 12.0pt;">: Father
and son, Timothy and Andreas Voss, and their associates received an Ig Nobel
for “testing which country’s paper money is best at transmitting dangerous
bacteria.”<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt;">Other winners explored the
pleasure of scratching an itch (Peace Prize), the volume of saliva produced
daily by a five-year-old child (Chemistry Prize), and whether holding a pen in
your mouth increases happiness (Psychology Prize).<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">“There is nothing in the world so
irresistibly contagious as laughter and good humor.” <o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i style="mso-bidi-font-style: normal;"><span style="font-size: 12.0pt;">--Charles Dickens, English author<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "Edwardian Script ITC"; font-size: 26.0pt; mso-themecolor: accent1;">Leif
M. Hagen<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Leif
M. Hagen, CLU, ChFC<br />
LPL Financial Advisor<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNwFoAgS9HpaCxJZV88r2q4_v1aRto5nWdBN8UJYeVb9moef7vAPVTfAcxGz7fvXwxy2kDqfcFxWqz3Iz-A8ye84hJa_k3KqdrUjTfolKGW4jwju9uIMkpYlX3Sa7a-zH8QSCJY8w11aF_/s1600/OfficeTeamPhoto.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNwFoAgS9HpaCxJZV88r2q4_v1aRto5nWdBN8UJYeVb9moef7vAPVTfAcxGz7fvXwxy2kDqfcFxWqz3Iz-A8ye84hJa_k3KqdrUjTfolKGW4jwju9uIMkpYlX3Sa7a-zH8QSCJY8w11aF_/s200/OfficeTeamPhoto.jpg" width="200" /></a></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting Representative
or the Representative’s Broker/Dealer, and should not be construed as
investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named broker/dealer.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. Unmanaged index returns do not reflect
fees, expenses, or sales charges. Index performance is not indicative of the
performance of any investment.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
You cannot invest directly in an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Stock investing involves risk including loss of principal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week,” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network,
Inc.; 4640 Nicols Rd – Suite 203; Eagan, MN 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://insight.factset.com/sp-500-earnings-season-update-october-18-2019"><span style="font-size: 11.0pt;">https://insight.factset.com/sp-500-earnings-season-update-october-18-2019</span></a><span style="font-size: 11.0pt;"> <span style="color: black; mso-themecolor: text1;">(<i>or
go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/10-21-19_FactSet-S_and_P_500_Earnings_Season_Update_October_18_2019-Footnote_1.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/10-21-19_FactSet-S_and_P_500_Earnings_Season_Update_October_18_2019-Footnote_1.pdf</span></a><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.marketwatch.com/story/us-retail-sales-snap-6-month-winning-streak-in-september-as-receipts-fall-03-2019-10-16"><span style="font-size: 11.0pt;">https://www.marketwatch.com/story/us-retail-sales-snap-6-month-winning-streak-in-september-as-receipts-fall-03-2019-10-16</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.reuters.com/article/us-china-economy-gdp/chinas-gdp-growth-grinds-to-near-30-year-low-as-tariffs-hit-production-idUSKBN1WX05A"><span style="font-size: 11.0pt;">https://www.reuters.com/article/us-china-economy-gdp/chinas-gdp-growth-grinds-to-near-30-year-low-as-tariffs-hit-production-idUSKBN1WX05A</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.wsj.com/articles/pound-dips-as-brexit-talks-hit-a-roadblock-11571303767"><span style="font-size: 11.0pt;">https://www.wsj.com/articles/pound-dips-as-brexit-talks-hit-a-roadblock-11571303767</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;"> (<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/10-21-19_WSJ-Stocks_Climb_on_Strong_Earnings_Brexit_Deal-Footnote_4.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/10-21-19_WSJ-Stocks_Climb_on_Strong_Earnings_Brexit_Deal-Footnote_4.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.washingtonpost.com/world/europe/boris-johnson-faces-historic-brexit-vote-in-parliament/2019/10/19/dba7cc70-f1a8-11e9-bb7e-d2026ee0c199_story.html"><span style="font-size: 11.0pt;">https://www.washingtonpost.com/world/europe/boris-johnson-faces-historic-brexit-vote-in-parliament/2019/10/19/dba7cc70-f1a8-11e9-bb7e-d2026ee0c199_story.html</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.barrons.com/articles/dow-jones-industrial-average-ends-week-lower-as-boeing-ibm-bruise-benchmark-51571443912?mod=hp_DAY_4"><span style="font-size: 11.0pt;">https://www.barrons.com/articles/dow-jones-industrial-average-ends-week-lower-as-boeing-ibm-bruise-benchmark-51571443912?mod=hp_DAY_4</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;"> (<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/10-21-19_Barrons-The_Dow_Found_a_Way_to_Waste_a_Perfectly_Good_Week-Footnote_6.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/10-21-19_Barrons-The_Dow_Found_a_Way_to_Waste_a_Perfectly_Good_Week-Footnote_6.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.improbable.com/whatis/"><span style="font-size: 11.0pt;">https://www.improbable.com/whatis/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.improbable.com/ig-about/2019-ceremony/"><span style="font-size: 11.0pt;">https://www.improbable.com/ig-about/2019-ceremony/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.improbable.com/ig-about/winners/#ig2019"><span style="font-size: 11.0pt;">https://www.improbable.com/ig-about/winners/#ig2019</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://onlinelibrary.wiley.com/doi/full/10.1002/ijc.11382"><span style="font-size: 11.0pt;">https://onlinelibrary.wiley.com/doi/full/10.1002/ijc.11382</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.nature.com/articles/s41598-018-23005-1"><span style="font-size: 11.0pt;">https://www.nature.com/articles/s41598-018-23005-1</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://patentimages.storage.googleapis.com/e1/ed/d0/6cb8dd7a5c6a96/US20170143168A1.pdf"><span style="font-size: 11.0pt;">https://patentimages.storage.googleapis.com/e1/ed/d0/6cb8dd7a5c6a96/US20170143168A1.pdf</span></a><span style="font-size: 11.0pt;"> (In the Summary 0006)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.goodreads.com/quotes/tag/laughter"><span style="font-size: 11.0pt;">https://www.goodreads.com/quotes/tag/laughter</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"><br />
</span></span><span style="background: #141414; color: white; font-family: "Helvetica",sans-serif; mso-bidi-font-family: "Times New Roman";">Photo by </span><a href="https://burst.shopify.com/@matthew_henry?utm_campaign=photo_credit&utm_content=Free+Dollar+Bills+Stuffed+In+Piggy+Bank+Image%3A+Stunning+Photography&utm_medium=referral&utm_source=credit" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; cursor: pointer; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; touch-action: manipulation; widows: 2; word-spacing: 0px;"><span style="background: #141414; color: white; font-family: "Helvetica",sans-serif; mso-bidi-font-family: "Times New Roman";">Matthew
Henry</span></a><span style="background: #141414; color: white; font-family: "Helvetica",sans-serif; mso-bidi-font-family: "Times New Roman";"><span style="-webkit-text-stroke-width: 0px; float: none; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-decoration-color: initial; text-decoration-style: initial; widows: 2; word-spacing: 0px;"> from </span></span><span style="-webkit-text-stroke-width: 0px; background: rgb(20, 20, 20); box-sizing: border-box; color: white; cursor: pointer; font-family: Helvetica, sans-serif; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; touch-action: manipulation; widows: 2; word-spacing: 0px;"><a href="https://burst.shopify.com/bank?utm_campaign=photo_credit&utm_content=Free+Dollar+Bills+Stuffed+In+Piggy+Bank+Image%3A+Stunning+Photography&utm_medium=referral&utm_source=credit" style="-webkit-text-stroke-width: 0px; box-sizing: border-box; cursor: pointer; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; touch-action: manipulation; widows: 2; word-spacing: 0px;">Burst</a></span></div>
Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395tag:blogger.com,1999:blog-5614622820149022815.post-998493959427009142019-10-14T12:13:00.000-05:002020-01-16T11:05:24.714-06:00A trade-war truce?<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiC8KU92LpT4TT-gMTL4soHXiEhLgUc4kodWJ4Wn8iWyLZgcCXXJknK_RNpTNxoZxuYfRs_1avB7y-UwzQAkRSb6uzJvaEwRUHqFTNPI8fMD_2fpIznnYYLrH63NhrDWSM9mv9ORUs6r35/s1600/john-schnobrich-2FPjlAyMQTA-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiC8KU92LpT4TT-gMTL4soHXiEhLgUc4kodWJ4Wn8iWyLZgcCXXJknK_RNpTNxoZxuYfRs_1avB7y-UwzQAkRSb6uzJvaEwRUHqFTNPI8fMD_2fpIznnYYLrH63NhrDWSM9mv9ORUs6r35/s320/john-schnobrich-2FPjlAyMQTA-unsplash.jpg" width="320" /></a></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #4f81bd; font-size: 26.0pt; mso-themecolor: accent1;">“Peek of the Week”</span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">
Market Commentary<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: #00b050; font-size: 16.0pt;">October 14, 2019<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; text-autospace: ideograph-numeric ideograph-other;">
<b><span style="color: #00b050; font-size: 14.0pt;">The Markets</span></b><span style="color: #00b050; mso-bidi-font-weight: bold;"> </span><b><span style="color: #00b050; font-size: 14.0pt;"><o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">The
world breathed a sigh of relief last week when the United States and China took
a step toward a trade-war truce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<i style="mso-bidi-font-style: normal;"><span style="font-size: 12.0pt;">Financial Times</span></i><span style="font-size: 12.0pt;"> reported the United States agreed to not increase
tariffs from 25 percent to 30 percent on $250 billion of Chinese imports next
week. (Current tariffs remain in place, and it is possible new tariffs will be
imposed on additional Chinese goods – electronics, apparel, and other consumer items
– in mid-December.)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">In
return, China agreed to purchase $40 to $50 billion of agricultural goods,
including soybeans and pork, although no time frame was established for the
purchases. It remained unclear what progress was made on intellectual-property
protection and rules to prevent currency manipulation, reported <i style="mso-bidi-font-style: normal;">The Wall Street Journal (WSJ)</i>.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">U.S.
stock markets responded enthusiastically to news about one of the great
uncertainties hanging over economic growth, namely the trade war between the
United States and China, might be resolved. However, after the details of the
deal were announced, markets gave back some gains.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">“The
tentative truce underwhelmed some international businesses that had been hoping
the United States and China would finish up a deal that cemented more sweeping
structural changes in China’s economy, eliminated additional tariffs scheduled
to go into place in December, and even rolled back existing tariffs both sides
have added to imports from each country,” reported <i style="mso-bidi-font-style: normal;">WSJ</i>.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Derek
Scissors, an American Enterprise Institute trade expert and White House advisor
told <i style="mso-bidi-font-style: normal;">WSJ</i>, “If this turns out to be
all there is, we could have achieved these results a year ago or more.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Yields
on U.S. Treasury bonds moved higher during the week, and the yield curve
righted itself, reported <i style="mso-bidi-font-style: normal;">MarketWatch</i>.
The change reflected optimism about trade negotiations. Bond markets also embraced
a Federal Reserve announcement it will resume buying Treasuries each month to
ensure the banking system has sufficient reserves.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">The
United States and China hope to have a written draft of the phase-one agreement
finalized during the next few weeks.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; margin-left: 5.4pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; width: 609px;">
<tbody>
<tr style="height: 12.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239"><span style="color: black; font-family: "Times New Roman",serif; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-themecolor: text1;"><br clear="all" style="page-break-before: always;" />
</span>
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Data as of
10/11/19<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Week<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">Y-T-D<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">1-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">3-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">5-Year<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<b><span style="color: black; mso-bidi-font-size: 12.0pt; mso-themecolor: text1;">10-Year<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Standard & Poor's 500 (Domestic Stocks)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">0.6%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">18.5%<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">8.9%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">11.6%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.6%<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">10.7%<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-U.S.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.9<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">9.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">4.2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.1<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">10-year Treasury Note (Yield Only)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">NA<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">1.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">2.3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.4<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="mso-bidi-font-size: 12.0pt;">Gold (per ounce)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">-1.3<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">15.4<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">22.7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">5.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
<span style="mso-bidi-font-size: 12.0pt;">3.4<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 178.9pt;" width="239">
<div class="MsoNormal" style="margin-right: -1.8pt;">
Bloomberg Commodity Index<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.15pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
1.2<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 44.35pt;" width="59">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
2.8<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 45.65pt;" width="61">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-8.3<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 40.25pt;" width="54">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-2.9<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 42.6pt;" width="57">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-7.9<o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 52.85pt;" width="70">
<div align="center" class="MsoNormal" style="margin-right: -1.8pt; text-align: center;">
-5.0<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="color: white; font-size: 8.0pt; mso-bidi-font-size: 12.0pt; mso-color-alt: windowtext;">S&P 500, </span><span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Dow Jones Global ex-US, Gold,
Bloomberg Commodity Index returns exclude reinvested dividends (gold does not
pay a dividend) and the three-, five-, and 10-year returns are annualized; and
the 10-year Treasury Note is simply the yield at the close of the day on each
of the historical time periods. <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Sources: Yahoo! Finance, MarketWatch, djindexes.com,
London Bullion Market Association.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 4.5pt; margin-right: 20.7pt; margin-top: 0in;">
<span style="font-size: 8.0pt; mso-bidi-font-size: 12.0pt;">Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not
applicable.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 12.0pt; text-transform: uppercase;">the
nicest place in america. </span></b><span style="font-size: 12.0pt;">There are
some people who scorn being nice (a.k.a. amiable, agreeable, pleasant). They
equate it with being uninteresting or boring. What they fail to understand is
being nice is often more challenging than the alternative.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Years
ago, Marilyn Zeilinski penned a <i style="mso-bidi-font-style: normal;">Chicago
Tribune</i> article entitled, “Being Nice Is Hugely Underrated.” In it, she
explained:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 34.2pt; margin-top: 0in;">
<span style="font-size: 12.0pt;">“Eventually
I discovered that being nice is hard work. It is strong enough to shovel the
elderly neighbor's driveway and as brave as a child inviting, ‘Come play with
me!’ to another child exiled by unpopularity…Niceness is not weakness, as I
once thought. Niceness stands up for itself, though politely, if someone cuts
in line. Most of all, niceness is not safe. Safety is keeping your head down,
minding your own business. Niceness reaches out, and that is riskier than a
cocoon of self-interest. But it is worth it.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Residents
of Columbiana, Ohio, have chosen to embrace ‘nice.’ That’s why <i style="mso-bidi-font-style: normal;">Reader’s Digest (RD) </i>recently named the
town <i>2019 Nicest Place In America</i>.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">How
nice is Columbiana? <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<i style="mso-bidi-font-style: normal;"><span style="font-size: 12.0pt;">Good News Network</span></i><span style="font-size: 12.0pt;"> reported the town has, “A baker who donates freely to
support causes of every kind, the real-estate developer who offers a year
rent-free to promising entrepreneurs who may not have the resources to get
started on their own, the local philanthropist who returned to his hometown to
donate $500,000 to rebuild the town’s beloved Firestone Park.”<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Columbiana
isn’t the only nice place in America. There are a lot of places where people
work hard and help make each other’s lives better. In 2019, <i style="mso-bidi-font-style: normal;">RD</i> recognized a place or town in every
state.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Nice
can be inspiring.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050; font-size: 14.0pt;">Weekly Focus – Think <span style="mso-bidi-font-weight: bold;">About</span> It</span></b><span style="color: #00b050; font-size: 14.0pt;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">“Attitude is a choice. Happiness is a
choice. Optimism is a choice. Kindness is a choice. Giving is a choice. Respect
is a choice. Whatever choice you make makes you. Choose wisely.” <o:p></o:p></span></div>
<div align="right" class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none; text-align: right;">
<i style="mso-bidi-font-style: normal;"><span style="font-size: 12.0pt;">--Roy T. Bennett, Author<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 12.0pt;">Best regards,<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<b><span style="color: #4f81bd; font-family: "Edwardian Script ITC"; font-size: 26.0pt; mso-themecolor: accent1;">Leif
M. Hagen<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Leif
M. Hagen, CLU, ChFC<br />
LPL Financial Advisor<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">P.S.<span style="mso-spacerun: yes;"> </span>Please feel free to forward this commentary
to family, friends, or colleagues. If you would like us to add them to the
list, please reply to this email with their email address and we will ask for
their permission to be added.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;">Securities
offered through LPL Financial, Member FINRA/SIPC.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjT-PZw5yxoAsqDqRihAx1Zl1_NPQ5TsxmLAPWJaTpomYlhU_mTnrIUQoRqCWfCQLAITeZmPs-iYnnYukg_5hSDrO9Fy7HLOE-GijgIDiQjW-04LGwFAK8s-jr-fzNtQDFLYfiVUzybWbCw/s1600/TeamPhotoLightEdit+-+Copy.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjT-PZw5yxoAsqDqRihAx1Zl1_NPQ5TsxmLAPWJaTpomYlhU_mTnrIUQoRqCWfCQLAITeZmPs-iYnnYukg_5hSDrO9Fy7HLOE-GijgIDiQjW-04LGwFAK8s-jr-fzNtQDFLYfiVUzybWbCw/s320/TeamPhotoLightEdit+-+Copy.jpg" width="320" /></a></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
These views are those of Carson Coaching, and not the presenting Representative
or the Representative’s Broker/Dealer, and should not be construed as
investment advice.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
This newsletter was prepared by Carson Coaching. Carson Coaching is not
affiliated with the named broker/dealer.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Government bonds and Treasury Bills are guaranteed by the U.S. government as to
the timely payment of principal and interest and, if held to maturity, offer a
fixed rate of return and fixed principal value.<span style="mso-spacerun: yes;">
</span>However, the value of fund shares is not guaranteed and will fluctuate.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Corporate bonds are considered higher risk than government bonds but normally
offer a higher yield and are subject to market, interest rate and credit risk
as well as additional risks based on the quality of issuer coupon rate, price,
yield, maturity, and redemption features.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. You cannot
invest directly in this index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
All indexes referenced are unmanaged. Unmanaged index returns do not reflect
fees, expenses, or sales charges. Index performance is not indicative of the
performance of any investment.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Global ex-U.S. Index covers approximately 95% of the market
capitalization of the 45 developed and emerging countries included in the
Index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The 10-year Treasury Note represents debt owed by the United States Treasury to
the public. Since the U.S. Government is seen as a risk-free borrower,
investors use the 10-year Treasury Note as a benchmark for the long-term bond
market.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Gold represents the afternoon gold price as reported by the London Bullion
Market Association. The gold price is set twice daily by the London Gold Fixing
Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy
ounce.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Bloomberg Commodity Index is designed to be a highly liquid and diversified
benchmark for the commodity futures market. The Index is composed of futures
contracts on 19 physical commodities and was launched on July 14, 1998.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an
index representing 30 stock of companies maintained and reviewed by the editors
of The Wall Street Journal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ
system.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
International investing involves special risks such as currency fluctuation and
political instability and may not be suitable for all investors. These risks
are often heightened for investments in emerging markets.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Yahoo! Finance is the source for any reference to the performance of an index
between two specific periods.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Opinions expressed are subject to change without notice and are not intended as
investment advice or to predict future performance.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Economic forecasts set forth may not develop as predicted and there can be no
guarantee that strategies promoted will be successful.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Past performance does not guarantee future results. Investing involves risk,
including loss of principal.<span style="color: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
You cannot invest directly in an index.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Stock investing involves risk including loss of principal.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="color: black; font-size: 11.0pt;">* <span style="background: white;">The foregoing information has
been obtained from sources considered to be reliable, but we do not guarantee
it is accurate or complete.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
There is no guarantee a diversified portfolio will enhance overall returns or
outperform a non-diversified portfolio. Diversification does not protect
against market risk.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Asset allocation does not ensure a profit or protect against a loss.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
Consult your financial professional before making any investment decision.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;">*
To unsubscribe from the “Peek of the Week,” please reply to this email with
“Unsubscribe” in the subject line or write us at: Hagen Financial Network,
Inc.; 4640 Nicols Road – Suite 203; Eagan, MN 55122.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<br /></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<span style="font-size: 11.0pt;">Sources:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.ft.com/content/28cc18f0-ec61-11e9-a240-3b065ef5fc55"><span style="font-size: 11.0pt;">https://www.ft.com/content/28cc18f0-ec61-11e9-a240-3b065ef5fc55</span></a><span style="font-size: 11.0pt;"> <span style="color: black; mso-themecolor: text1;">(<i>or
go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/10-14-19_FinancialTimes-US_Agrees_Limited_Trade_Deal_with_China-Footnote_1.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/10-14-19_FinancialTimes-US_Agrees_Limited_Trade_Deal_with_China-Footnote_1.pdf</span></a><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.wsj.com/articles/trump-strikes-upbeat-notes-on-trade-talks-11570804097"><span style="font-size: 11.0pt;">https://www.wsj.com/articles/trump-strikes-upbeat-notes-on-trade-talks-11570804097</span></a><span class="MsoHyperlink"><span style="font-size: 11.0pt;"> </span></span><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">(<i>or go to</i> </span></span><a href="https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/10-14-19_WSJ-US_and_China_Move_Forward_on_Trade-Footnote_2.pdf"><span style="font-size: 11.0pt;">https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/10-14-19_WSJ-US_and_China_Move_Forward_on_Trade-Footnote_2.pdf</span></a><span class="MsoHyperlink"><span style="color: black; font-size: 11.0pt; mso-themecolor: text1;">)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.marketwatch.com/story/treasury-yields-climb-on-signs-of-progress-towards-us-china-trade-deal-2019-10-11"><span style="font-size: 11.0pt;">https://www.marketwatch.com/story/treasury-yields-climb-on-signs-of-progress-towards-us-china-trade-deal-2019-10-11</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.marketwatch.com/story/fed-says-it-will-start-to-buy-treasury-bills-next-week-to-ease-money-market-pressure-2019-10-11-1191242"><span style="font-size: 11.0pt;">https://www.marketwatch.com/story/fed-says-it-will-start-to-buy-treasury-bills-next-week-to-ease-money-market-pressure-2019-10-11-1191242</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.chicagotribune.com/news/ct-xpm-1993-02-14-9303181691-story.html"><span style="font-size: 11.0pt;">https://www.chicagotribune.com/news/ct-xpm-1993-02-14-9303181691-story.html</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.rd.com/nicest-places-contest/"><span style="font-size: 11.0pt;">https://www.rd.com/nicest-places-contest/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.goodnewsnetwork.org/nicest-place-in-america-2019-is-columbiana/"><span style="font-size: 11.0pt;">https://www.goodnewsnetwork.org/nicest-place-in-america-2019-is-columbiana/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.rd.com/true-stories/inspiring/america-nicest-places/"><span style="font-size: 11.0pt;">https://www.rd.com/true-stories/inspiring/america-nicest-places/</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt; mso-layout-grid-align: none; mso-pagination: none;">
<a href="https://www.goodreads.com/quotes/tag/kindness"><span style="font-size: 11.0pt;">https://www.goodreads.com/quotes/tag/kindness</span></a><span style="font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-right: -1.8pt;">
<span style="font-size: 11.0pt;"><o:p> </o:p></span><span style="background: whitesmoke; color: #111111; font-family: Helvetica, sans-serif; font-size: 10.5pt;">Photo
by </span><a href="https://unsplash.com/@johnschno?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="box-sizing: border-box; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s;"><span style="background: whitesmoke; color: #767676; font-family: "Helvetica",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Times New Roman";">John
Schnobrich</span></a><span style="background: whitesmoke; color: #111111; font-family: Helvetica, sans-serif; font-size: 10.5pt;"> on </span><span style="background: whitesmoke; box-sizing: border-box; color: #767676; font-family: Helvetica, sans-serif; font-size: 10.5pt; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s;"><a href="https://unsplash.com/s/photos/help?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText" style="box-sizing: border-box; text-decoration-skip-ink: auto; transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s;">Unsplash</a></span></div>
Hagen Financial Networkhttp://www.blogger.com/profile/13126214108693471131noreply@blogger.com4640 Nicols Rd Suite 203, Eagan, MN 55122, USA44.7884837 -93.2169744.7881317 -93.2176005 44.7888357 -93.2163395